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Harker: Economy Is Softening Faster Than The Data Suggest

FED

Philly Fed’s Harker (who from now on won’t hold a voting position until he retires by Jun’25) spoke to local radio, having last spoke early November. Below remarks taken from Bloomberg headlines:

  • Job on inflation not done, but moving in right direction
  • Economy is softening faster than the data suggest
  • Don’t need to raise rates any more, should hold steady (reiterating prior stance)
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