Philly Fed’s Harker on Sirius Radio
– Dollar ‘of course’ is a factor we need to monitor
– 3 hikes this year is appropriate but subject to change
– Expects Phillips Curve to steepen some
That’s not a surprise, Harker is a hawk. But it’s interesting that so many Fed members are starting to group around 3 hikes. That’s a tall mountain to climb after only 2 hikes in a decade.
