Fed’s Harker: Now sees three Fed rate hikes this year on stronger inflation

The latest comments are crossing the wires from the Philadelphia Fed President Patrick Harker, delivered in an interview with the Wall Street Journal (WSJ).

It’s worth noting that Harker is not a voting member on the FOMC board this year.

Key Headlines:

Now sees three Fed rate hikes this year.

Previously projected two rate hikes.

Cites stronger inflation for the reason of changing his forecast.

"We saw some firming of inflation"

Places greater emphasis on inflation data than on fiscal policy.