Fed’s Harker Says Rates Should Remain Steady

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Fed’s Harker Says Rates Should Remain Steady
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Philadelphia Fed chief Patrick Harker says the U.S. economy is in a good place and he sees no reason for the central bank to change its interest-rate target for now

Philadelphia Federal Reserve leader Patrick Harker said Monday the U.S. economy is in a good place right now and he sees no reason for the central bank to change its interest-rate target for now.

“My own view right now is that we should hold steady for a while and watch how developments and the data unfold before taking any more action,” Mr. Harker said in the text of a speech prepared for delivery before an event in Delaware.

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