Trial Balloons: Fed’s Harker Calls for Two Rate Hikes in 2016, Market Laughs

by Mike ‘Mish’ Shedlock
Mish Talk

The market is openly mocking Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia.

Harker dismisses Brexit as a worry (In general so do I, but politicians can go crazy, so the outcome is uncertain as they say).

That said, I agree with the market view on hikes vs. that of Harker.

The Wall Street Journal reports Fed’s Harker Dismisses Brexit, Suggests Two More Rate Hikes This Year.

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