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MNI BRIEF: Fed Can Take Short Pause In Rate Cuts - Harker

Fed's Harker was speaking at a business conference.
USCentral Bank NewsPolicy NewsHomepageFederal ReserveEM Policy NewsEM BriefBriefStoryNorth America

MNI (WASHINGTON) - Choppy U.S. inflation data suggest a short pause in cutting interest rates would be appropriate, Philadelphia Fed President Patrick Harker said Thursday. 

"it's appropriate for us to take a bit of a pause right now and see how things shake out. And you know, we're not talking about a long pause potentially, but let's see how things shake out," he told a New Jersey business conference. "There's a lot of uncertainty. So we can we can stay where we are for a little bit, probably not long." (See: MNI INTERVIEW: Fed Won't Consider Cuts Until March - Benigno)

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MNI (WASHINGTON) - Choppy U.S. inflation data suggest a short pause in cutting interest rates would be appropriate, Philadelphia Fed President Patrick Harker said Thursday. 

"it's appropriate for us to take a bit of a pause right now and see how things shake out. And you know, we're not talking about a long pause potentially, but let's see how things shake out," he told a New Jersey business conference. "There's a lot of uncertainty. So we can we can stay where we are for a little bit, probably not long." (See: MNI INTERVIEW: Fed Won't Consider Cuts Until March - Benigno)