Federal Reserve Bank of Philadelphia President Patrick Harker said on Wednesday that for the moment he is inclined to support a "skip" in interest rate hikes at the central bank's next meeting in June, although economic data due soon could change his mind.
Top Fed official sees rates rising and staying high
"I am in the camp increasingly coming into this meeting thinking that we really should skip," Harker said at an event on financial stability. That said, data due on Friday about the U.S. job market "may change my mind."
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