US FED MEMBER CALLS FOR STEADY MONETARY POLICY
US FED MEMBER CALLS FOR STEADY MONETARY POLICY
Patrick Harker, Federal Reserve Bank of Philadelphia, supports a steady monetary policy.
He believes current economic conditions warrant fixed interest rates.
Future interest rate decisions will be based on data.
Harker says the Fed's stance aims to reduce inflation.
Inflation has risen but is expected to return to target in the next two years.
