Economics
Fed’s Harker Backs March Hike, Is Less Convinced on Half-Point Move
- Philadelphia Fed chief sees four 25 basis-point moves in 2022
- Says he’d have to see inflation spike to back 50 basis points
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Federal Reserve Bank of Philadelphia President Patrick Harker favors four 25 basis-point interest-rate increases this year starting next month, but doesn’t back a 50 basis-point move unless there’s an inflation “spike.”