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Fed's Harker says there is upside risk to his inflation forecast

Eamonn Sheridan
14/10/2021 | 22:26 GMT

Patrick Harker, president and CEO of the Federal Reserve Bank of Philadelphia

Earlier remarks posted here:

  • Fed's Harker says not expecting rate hikes until late 2022, or early 2023

In that post you'll see his inflation forecast is

  • 4% for 2021 before coming down to "a bit over" 2% next year

Higher than that is making the transitory thesis even less tenable.

Patrick Harker, president and CEO of the Federal Reserve Bank of Philadelphia

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