- Extent of tariff-driven price push won’t be evident for some time
- Expects tariffs to start to show through prices in coming months
- Policy needs to be nimble
- Optimistic that economic activity can be sustained
From Harker (who is retiring this month)
- Fed must wait and see on next policy steps
- Entirely possible Fed may face rising inflation and unemployment at the same time
- Still no idea how shifting economic policies will affect economy
- Hard data have remained robust
I love how we get the ‘no idea’ comment just before he retires. I’m sure that’s how many of them feel but they can’t say it so bluntly.
I’m told this is the last public appearance from Harker. He was a good central banker, top notch.
This article was written by Adam Button at www.forexlive.com.
