“I'd be open to more than three rate hikes this year if that's required,” Patrick Timothy Harker, President of the Federal Reserve Bank of Philadelphia said on Thursday.
Additional comments
“7% inflation is very high, very bad.”
“We can do something. by hiking rates.”
“Would support fewer rate hikes if inflation does in fact start to come down.”
“Currently have three rate hikes in for this year, open to starting in March.”
Market reaction
The US dollar index is keeping its recovery mode intact just below 95.00, unable to gain traction despite the risk-off mood.
