Fed's Harker ready to downshift to 25 basis-point interest rate hikes

Harker will be a voting member of the rate-setting Federal Open Market Committee this year. In 2022, the Fed raised rates at a historically aggressive pace and lifted its target rate from near zero levels in the spring to between 4.25% and 4.5% at the December meeting.

Fed's Harker ready to downshift to 25 basis-point interest rate hikes
Harker will be a voting member of the rate-setting Federal Open Market Committee this year. In 2022, the Fed raised rates at a historically aggressive pace and lifted its target rate from near zero levels in the spring to between 4.25% and 4.5% at the December meeting.