Harker Urges Fed to Wait For More Clarity Before Adjusting Rates
Federal Reserve Bank of Philadelphia President Patrick Harker said there's a potential path to lowering rates in the second half of the year, but repeated officials should stand pat for now and wait for uncertainty to ebb.
'For now, I am strongly of the belief we sit here, let some of this uncertainty resolve itself,' Harker said Friday during an interview with CNBC. 'I just think taking a preemptive action right now on hypotheticals, as opposed to what the hard data is telling us, is a mistake.'
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