Fed's Harker sees 'no immediate need' for U.S. interest rate cut: Wall Street Journal

(Reuters) - Federal Reserve Bank of Philadelphia President Patrick Harker said he does not currently see an “immediate need” to change interest rates, according to the Wall Street Journal.

“There’s no immediate need to move rates in either direction at this point in my view,” the newspaper quoted Harker as saying in an interview on Monday, reiterating his views from earlier this year.

Harker, who does not vote on the Fed’s rate-setting committee this year but participates in its deliberations, said rate cuts would be warranted if the U.S. economy was “weakening substantially” but that he does not see that happening currently.

Reporting by Trevor Hunnicutt in New York; Editing by Chizu Nomiyama

Panorama Hispano is the regional news and information newspaper for Hispanic and other diverse communities.

US Hispanics are now the largest ethnic minority in the United States numbering 54.2 million as of July 2014. Serving: Buffalo, Rochester, Fredonia, Niagara Falls, NY and Erie, PA. Outside our Market area: Visit our affiliate at: http://www.impremedia.com/

Contact us: Contact@PanoramaHispanoNews.com

Featured News

Aug 4, 2021
Ozuna organiza 2do festival musical, en Bahamas

CIUDAD DE MÉXICO (AP) — Tras haber agotado los accesos del Ozuna Cancun Fest, el reggaetonero puertorriqueño Ozuna anuncia los […]

Read More
Aug 4, 2021
NBC wonders: where are the Olympic viewers this year?

NEW YORK (AP) — For most nights at the Tokyo Olympics, NBC’s prime time coverage is drawing about half the […]

Read More
Aug 4, 2021
Emiten nueva moratoria a desahucios hasta 3 de octubre

WASHINGTON (AP) — Los Centros para el Control y la Prevención de Enfermedades emitieron el martes una nueva moratoria a […]

Read More

popular categories

Copyright © 2021 Panorama Hispano News. All Rights Reserved.
crossmenuchevron-downmenu-circlecross-circle
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram