Fed’s Harker: should hold rates steady for a while

Federal Reserve Harker, a 2020 voter, as crossed the wires

Key comments

• 2% economic growth seen in 2020.
• Economy on track to reach inflation target.
• Unemployment seen below 4% for the ‘next couple of years’.
• Should watch how developments, data unfold before taking action.
• Uncertainty over fiscal policies, trade & geopolitical tensions hold back business investment.
• Coronavirus’ neg. effects on Chinese economy are something to watch.

More to come ...