Fed’s Harker wants interest rates to get above 5%, then sit

Philadelphia Federal Reserve Bank President Patrick Harker on Tuesday said he feels the U.S. central bank may soon be done raising interest rates, a year into its most rapid monetary policy tightening since the 1980s. “Since the full impact of monetary policy actions can take as much as 18 months to work its way through … Continue reading Fed’s Harker wants interest rates to get above 5%, then sit