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Harker Q&A: We’re At, Very Close To Restrictive Territory

FED

*HARKER: WE'RE AT, VERY CLOSE TO RESTRICTIVE-TERRITORY POINT - bbg

*HARKER: `WE DON'T HAVE TO KEEP MOVING RATES UP' - bbg

*HARKER: NEED TO BE AT RESTRICTIVE LEVEL AT LEAST THRU '23 - bbg


*HARKER: STARTING TO SEE EFFECTS OF RATE HIKES ON WAGES, PRICES - bbg

*HARKER: IF LABOR MKT DETERIORATES, I'D WORRY; DOESN'T SEE THIS - bbg

*HARKER: NOT IN RECESSION CAMP, IF ONE OCCURS WOULD BE MILD - bbg


Other points directly reiterate yesterday's skipping remarks.

*HARKER: WE SHOULD AT LEAST SKIP RATE HIKE AT JUNE MEETING - bbg

*HARKER: TIME TO HIT STOP BUTTON FOR ONE FED MEETING - bbg


On the subject of restrictive territory... In the earlier St Louis Fed chart, Bullard sees the current Fed Funds target rate as right at the bottom of the theoretical range he sees as sufficiently restrictive when using generous assumptions.

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