Fed’s Harker Backs March Hike, Is Less Convinced on Half-Point Move

Federal Reserve Bank of Philadelphia President Patrick Harker favors four 25 basis-point interest-rate increases this year and is open to doing more if needed to curb inflation, but does not currently favor a 50 basis-point move. “I would be supportive of a 25 basis-point increase in March. Could we do 50? Yeah. Should we?