Philadelphia Fed President Patrick Harker said he’s “still supportive of moving the taper along”, because he didn’t think asset purchase is “doing a whole lot right now”. He added that Fed should finish tapering before considering raising interest rates.
He said the Fed has achieved “substantial further progress on inflation” already. There is “some evidence that inflationary pressure “may not be so transitory”. Meanwhile, the job market is changing the people’s thinking about what a job is has changed too.
