Fed’s Harker wants to ‘skip’ a rate hike in June

The Federal Reserve should take a break from raising interest rates, after moving them up at each of the last ten meetings, said Philadelphia Fed President Patrick Harker on Wednesday.

“I am in the camp increasingly coming into this meeting thinking that we really should skip, not pause, but skip an increase,” Harker said, during a discussion hosted by the OMFIF Economic and Monetary Policy Institute.

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