The Federal Reserve can be patient in raising interest rates further, Philadelphia Fed President Patrick Harker tells Business Insider.
Harker worries low inflation may be a more persistent trend than previously believed, giving the Fed ample room to keep rates low.
A December rate hike is likely he said, but next year "we’re going to have to wait and see."
The Federal Reserve will raise interest rates later this month, but low inflation means the central bank can take a wait-and-see...
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