- Today's inflation report shows inflation not moving down quickly
- How much above 5% we need to go depends on incoming data
- Labor demand will weaken on rising interest rates
- I do think we need to continue above 5% in 25 bps increments for awhile
This is an interesting comment because he's seemingly implying ongoing 25 bps rate hikes, which is a new message from anyone at the Fed. Harker isn't quick to offer a kneejerk reaction either.
