May 17, 2019 / 9:00 PM / a year ago

Fed's Harker in no rush on rates, worried about low inflation expectations

PHILADELPHIA (Reuters) - A top Federal Reserve official on Friday said he is worried that falling inflation expectations could make it harder for the U.S. central bank to do its job but that he still sees “at most” one rate hike this year.

“I’m not in any rush,” Federal Reserve Bank of Philadelphia President Patrick Harker told reporters.

Reporting by Trevor Hunnicutt; Editing by Meredith Mazzilli

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