Harker, Patrick on 2017 February 20 at 19:00
I would not take March off the table at this point. We'll have to see how it plays out in the next few weeks.
"I would not take March off the table at this point. We'll have to see how it plays out in the next few weeks," he told Market News International in an exclusive interview Friday. "I don't think we're behind the curve now, but it is something I am worried about." ... "Since you can't forecast perfectly, I am very supportive of a gradual path of removing accommodation, but gradual means we have to keep moving along the path," Harker said. The Fed has stated its inflation goal is symmetric, so an overshoot of somewhere around 50 basis points on either side of 2% is "fine," Harker indicated, though it's less about the hard numbers and more "what you're feeling in terms of the momentum. If you're starting to feel it's accelerating, then you have to take action." A near-term litmus test for that momentum is the PCE report due out March 1, he said. Harker, Patrick
Market News International Interview