Fed's Harker sticks to view that rates need to get above 5%

April 11 (Reuters) - Philadelphia Federal Reserve Bank President Patrick Harker on Tuesday said he still believes the U.S. central bank needs to get interest rates above 5% and then keep them there to squeeze high inflation out of the economy.

"I'm in the camp of getting up above 5 and then sitting there for a while," Harker said. The Fed's target range for its benchmark rate is currently 4.75%-5.00%.
(Reporting by Ann Saphir; Editing by Leslie Adler)

Reuters

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Fed's Harker sticks to view that rates need to get above 5%