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Fed's Harker: Central bank is close to achieving inflation target
FED'S HARKER SAYS CENTRAL BANK IS CLOSE TO ACHIEVING INFLATION TARGET
— *Walter Bloomberg (@DeItaone) October 1, 2021
HARKER SAYS IF ECONOMY CONTINUES TO IMPROVE, POLICYMAKERS COULD POTENTIALLY REACH A POINT AS SOON AS 2023 WHERE THE MANDATES FOR BOTH INFLATION AND MAXIMUM EMPLOYMENT HAVE BEEN MET
Added at 9:55am
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HARKER SAYS HE IS NOT TALKING ABOUT REMOVING ACCOMMODATION ANYTIME SOON AND THE FED WOULD STILL BE ADDING ACCOMMODATION WHILE TAPERING
— Breaking Market News (@breakingmkts) October 1, 2021
Added at 9:55am
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Fed's Harker
— DailyFX Team Live (@DailyFXTeam) October 1, 2021
- Penciling in significant upside risk for inflation
- Forecast is that PCE inflation would run up to around 4% this year and then edge down to 2% target over next couple of years