Patrick Harker, President of the Philadelphia branch
Reuters with the quick headlines:
- Sees up to 2 rate hikes this year, slightly downgraded from his may prediction
- Sees rates approaching 3 pct by end-2018
- Brexit 'low on my list of risks'
- June US jobs report largely arrests fears of labor market slowdown
- US economy appears solid, Q1 weakness largely due to seasonal adjustments
- Expects 2 pct inflation, 2.3 pct gdp growth in 2017
In May Harker had predicted 2 to 3 hikes this year, so the "up to 2" is a pullback from that earlier forecast.
-
And .... Audience Q&A to follow, then media.