The U.S. central bank likely won’t raise its policy rate until 2023, said Philadelphia Fed President Patrick Harker on Wednesday.
In an interview with Yahoo Finance, Harker was asked about the bond market starting to price in the first Fed rate hike next year.
“I can only speak for myself… I’m not looking at a hike anytime in 2022,” Harker said. “I mean we’ve got a long ways to go.”
