Not a voting member in 2019
He adds:
- At most one hike in 2019 and one in 2020
- He is keeping an eye on risks, including growth abroad and trade
- Yield curve inversion is not an absolute predictor of economic downturns
- Large balance sheet may be affecting long-term yields
- He repeats April 4 predictions for unemployment rate, inflation
- Forecast fundamentally sound growth of about 2% in 2019 and around 2% in 2020
On April 4th Harker said he sees U.S. jobless rate likely falling to 3.5 percent this year and inflation would likely be just above the Fed's 2 percent target this year and next (CLICK HERE).
