Fed presidents in chorus for smaller rate hikes

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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