Fed's Harker: U.S. economy 'essentially at normal', labor market 'at full health'

Philadelphia Fed President Patrick Harker crossed the wires in the las minutes, via Reuters, arguing that the U.S. economy was now "normal" and its labor market was roughly "at full health."

Key quotes (via Reuters):

  • Harker repeats support for two more rate hikes in 2017
  • Harker expects U.S. unemployment to fall to 4.2 percent by end 2018

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