{"id":225932,"date":"2021-04-13T20:32:00","date_gmt":"2021-04-13T17:32:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fed-doesnt-see-inflation-running-out-of-control-harker-says\/"},"modified":"2021-04-13T20:32:00","modified_gmt":"2021-04-13T17:32:00","slug":"fed-doesnt-see-inflation-running-out-of-control-harker-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fed-doesnt-see-inflation-running-out-of-control-harker-says\/","title":{"rendered":"#\n  Fed doesn\u2019t see inflation running out of control, Harker says"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3be76bd8ebf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3be76bd8ebf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fed-doesnt-see-inflation-running-out-of-control-harker-says\/#Pause_in_use_of_Johnson_Johnson_vaccine_is_a_reminder_of_the_fragility_of_the_economic_recovery\" >Pause in use of Johnson &amp; Johnson vaccine is a reminder of the fragility of the economic recovery<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/fed-doesnt-see-inflation-running-out-of-control-harker-says\/#Greg_Robb\" >Greg Robb<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Fed doesn\u2019t see inflation running out of control, Harker says<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Pause_in_use_of_Johnson_Johnson_vaccine_is_a_reminder_of_the_fragility_of_the_economic_recovery\"><\/span>\n  Pause in use of Johnson &amp; Johnson vaccine is a reminder of the fragility of the economic recovery<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000230550\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       The Federal Reserve sees inflation moving up towards its 2% annual target but doesn\u2019t see runaway price pressure, said Philadelphia Fed President Patrick Harker on Tuesday.<\/p>\n<p> \u201cAt this point, we don\u2019t expect inflation to be running out of control,\u201d Harker said, during a webinar hosted by the Delaware State Chamber of Commerce.<\/p>\n<div class=\"paywall\">\n       \u201cWe have time to move because we\u2019re not seeing inflation running out of control. If it does, we\u2019ll act accordingly,\u201d he said.<\/p>\n<p>The consumer price index rose 0.6% in March, the largest month-on-month gain since 2012. The 12-month rate rose to 2.6%. <\/p>\n<p><strong>Read:<\/strong> U.S. consumer prices surge in March <\/p>\n<p>The Fed expects its favorite measure, the personal consumption expenditure index, to accelerate to a 2.4% annual rate this year before retreating next year. <\/p>\n<p>Many economists are worried that the massive fiscal stimulus passed by Congress earlier this year will cause cause the economy to overheat, sending consumer prices significantly higher. <\/p>\n<p>The answer to this debate won\u2019t come until later in the year. For now inflation could move as high as a 3.7% annual rate in May as weak readings from last spring, as the pandemic hit, drop out of the measure.<\/p>\n<p>Fed Chairman Jerome Powell told CBS <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>\u2019 \u201c60 Minutes\u201d program on Sunday that the Fed will wait to see inflation before it starts to exit from its loose monetary policy stance. In prior economic recoveries, the Fed has removed accommodation based on forecasts of higher prices.<\/p>\n<p>Keeping its foot on the monetary policy gas raises the risk the central bank might be late to raise interest rates, which means it would have to raise rates higher to push down inflation. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>In his remarks, Harker backed Powell\u2019s go-slow <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach.<\/p>\n<p>\u201cWhile the economic situation is improving, recovery is still in its early stages, and there\u2019s no reason to withdraw support yet,\u201d Harker said.<\/p>\n<p>Harker said the recovery remains a little fragile.<\/p>\n<p>The pause in the use of the Johnson &amp; Johnson vaccine may fuel more vaccine hesitancy, he noted. <\/p>\n<p>\u201cIt\u2019s a very fragile recovery with variants that we\u2019re seeing. Job one is to control this virus. So right now pulling back accommodation for me doesn\u2019t make sense,\u201d he said.<\/p>\n<p>Tech stocks were higher Tuesday but the Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-0.42%<\/bg-quote><br \/>\n       was hit by the J&amp;J news. <\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Greg Robb\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Greg_Robb\"><\/span>Greg Robb<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D38496F3678F%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Fed doesn\u2019t see inflation running out of control, Harker says &#8221; Pause in use of Johnson &amp; Johnson vaccine is a reminder of the fragility of the economic recovery The Federal Reserve sees inflation moving up towards its 2% annual target but doesn\u2019t see runaway price pressure, said Philadelphia Fed President Patrick Harker on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":225933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-225932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/225932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=225932"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/225932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/225933"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=225932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=225932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=225932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}