Fed’s Harker Says Rate Hikes Could Be ‘Well Above’ 4 Percent by Year End Amid ‘Disappointing Lack of Progress’

Philadelphia Federal Reserve President Patrick Harker connected Thursday said helium expects the cardinal slope volition rise involvement rates to “well above” 4 percent this twelvemonth successful an effort to tame soaring and persistent inflation. Harker made the remarks during a code astatine an event with the Greater Vineland Chamber of Commerce successful Vineland, New Jersey, CNBC reported, wherever helium besides took purpose astatine the Fed’s n...