"Since the full impact of monetary policy actions can take as much as 18 months to work its way through the economy, we will continue to look closely at available data to determine what, if any, additional actions we may need to take," Harker said in remarks prepared for delivery to the Wharton Initiative on Financial Policy and Regulation. "But make no mistake: We are fully committed to bringing inflation back down to our 2 percent target." (Reporting by Ann Saphir Editing by Chris Reese)
April 11 (Reuters) - Philadelphia Federal Reserve Bank
President Patrick Harker on Tuesday held the door open to the
possibility that, a year into its most rapid monetary policy
tightening since the 1980s, the U.S. central bank is done
raising interest rates.
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