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Fed's Harker says March 'should be considered' for next rate hike

Published 02/06/2017, 05:34 PM
Updated 02/06/2017, 05:34 PM
© Reuters. A police officer keeps watch in front of the U.S. Federal Reserve in Washington

SAN DIEGO (Reuters) - Philadelphia Federal Reserve Bank President Patrick Harker on Monday said a interest-rate hike should be on the table at the U.S. central bank's next meeting, in March.

"I still am supportive of three rate hikes this year, of course with a major caveat depending on how the economy evolves and policy, fiscal policy evolves," Harker told reporters after a speech on regulatory policy for fintech firms. "I think March should be considered as a potential for another 25-basis point increase."

Harker votes on monetary policy this year on the Fed's policy-setting panel.

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