Central Banks
Fed’s Harker Is Prepared to Do More If Needed to Curb Inflation
- Will review incoming data to decide on next move, he says
- The labor market is at full employment, Fed official says
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Federal Reserve Bank of Philadelphia President Patrick Harker said he’s been disappointed that US inflation hasn’t slowed by more and was ready to take further steps to bring it down if necessary.
“Since the full impact of monetary policy actions can take as much as 18 months to work its way through the economy, we will continue to look closely at available data to determine what, if any, additional actions we may need to take,” Harker said Tuesday in a speech in Philadelphia.