Fed presidents in chorus for smaller rate hikes

Harker, Daly, Collins and the departing Evans all signal preference for 25bp in February

Patrick Harker
Patrick Harker
Philadelphia Fed

Several presidents of regional Federal Reserve banks have recently come out in favour of a relatively small rate hike in February.

The latest was the president of the Philadelphia Fed, Patrick Harker, on January 12. “I expect that we will raise rates a few more times this year, though, to my mind, the days of us raising them 75 basis points at a time have surely passed,” Harker said.

“In my view, hikes of 25 basis points will be appropriate going forward. At some point this year, I expect that

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