Fed’s Harker: I forecast 3 hikes at the start of the year and now was right time for first one

Fed’s Harker on CBNC
– I think we’re there on headline inflation and moving in the right direction on core
– There will be an inflation overshoot
– I haven’t forecast fiscal policy into my forecasts, the devil is in the details
Some of the headlines circulating saying he said the ‘Fed can’t rule out more than 3 hikes’ but that’s a bit disingenuous. He really said the Fed couldn’t rule out anything, he wasn’t trying to make any kind of hint. He was asked about more t