More from Fed's Harker in Q&A

  • Fed can hold here on rates for now. No rush to cut.
  • Future Fed actions will be driven by data.
  • May rate cut is not current forecast
  • A couple more month data could convince on inflation.
  • Wants to avoid premature recut, data will drive fed actions
  • Rate cut timing possible for the second half of the year

Harker is a nonvoting member.