Economy

Fed’s Harker ‘acutely concerned’ inflation, sees ‘deliberate’ hikes

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NEW YORK, NEW YORK – SEPTEMBER 27: Philadelphia Federal Reserve President Patrick Harker visits “Mornings With Maria” at Fox Business Network Studios on September 27, 2019 in New York City. (Photo by John Lamparski/Getty Images)

John Lamparski | Getty Images Entertainment | Getty Images

Philadelphia Federal Reserve President Patrick Harker joined the chorus of central bankers warning about inflation and the interest rate hikes needed to control rising prices.

In remarks Wednesday, the policymaker said he is worried about an inflation rate running at its highest level in 40 years. He anticipates the Fed will respond by raising rates and reducing the level of bonds it is holding on its…



Source cnbc.com

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