Fed’s Patrick Harker speaking at a fintech conference

  • Today’s PCE was weak
  • We are starting to see some wage pressure
  • GDP will bounce back from storms
  • Inflation is one area that gives me pause
  • Pausing on Fed funds rate path is appropriate
  • Work showing we’re overstating inflation is persuasive
  • Inflation is a problematic part of our dual mandate
  • My rate estimates assume inflation is coming back

And if it doesn’t old chum, I hope you’ve got a big rubber on your pencil.

Ryan Littlestone

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