Former Fed President Harker Says Policy Is Not Restrictive

Patrick Harker, former president of the Federal Reserve Bank of Philadelphia, said the Federal Reserve will hold interest rates steady at its Wednesday meeting. Harker stated that the central bank will need to signal that additional rate increases are likely warranted. He told Bloomberg he believes the current policy stance is not restrictive despite the Fed's maintained rates.

• Bloomberg — Former Fed President Harker Says Policy Is Not Restrictive

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