Harker repeats he favors raising rates slightly above 5%

Good morning! It’s great to be here. As a lifelong Jersey boy, I’m very glad to be with a group of my fellow New Jerseyans. Though as a lifelong South Jersey boy, I’m not so sure how I feel about doing this way up here in Somerset. I plan to talk a bit about the country’s economic outlook and my approach to monetary policy. Then we can get to questions, which I’m really looking forward to. But before we do any of that, I need to give you my standard Fed disclaimer: The views I express today are my own and do not necessarily reflect those of anyone else on the Federal Open Market Committee (FOMC) or in the Federal Reserve System. tweet at 9:00am: *HARKER FAVORS HOLDING RATES ONCE POLICY RESTRICTIVE ENOUGH *HARKER SEES FED RAISING RATES A FEW MORE TIMES THIS YEAR *FED’S HARKER REPEATS BACKING FOR 25 BP RATE HIKES GOING FORWARD

Retail sales decreased 0.1% to $61.8 billion in November. Sales decreased in 6 of 11 subsectors, representing 47.4% of retail trade. The decrease was led by lower sales at food ...

tweet at 10:04am: GEORGE: ECONOMY IS RESPONDING TO WORK FED IS DOING tweet at 10:05am: FED'S GEORGE: FOCUS IS ON INFLATION PRESSURES WE CONTINUE TO SEE IN SERVICE SECTOR tweet at 10:07am: FED'S GEORGE: THE FED MUST BE MORE PATIENT IN DETERMINING WHETHER INFLATION IS ON A SUSTAINABLE DOWNWARD PATH. tweet at 10:07am: FED'S GEORGE: INFLATIONARY PRESSURES ARE EXPECTED TO PERSIST. tweet at 10:08am: FED'S GEORGE: WE ARE IN A GOOD PLACE TODAY - https://t.co/wXVagA44VK