At the same time, according to Harker, the US economy is “not so bad” and labour market is stable.
Interestingly enough, Fed officials try to stay out of election process. Therefore, Karker’s comments may not e unsurprised. The experts say Harker’s this comment indicates that Fed will conduct its new policy depending on the new president.
Mr Harker will not vote at the Fed's Nov 1-2 policy meeting but will participate in its discussions. He will have a vote on rate policy at the Fed's 2017 meetings.
Investors don’t believe the interest rates won’t be increased until after presidential elections.
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