PHILADELPHIA—Federal Reserve Bank of Philadelphia President Patrick Harker said Friday he is expecting the U.S. central bank to raise rates fewer times in 2018 than it did the year before, adding that officials have time to take stock of the economy before moving again. “My own view is that two rate increases are likely to be appropriate for 2018,” Mr. Harker told a gathering of the American Economic Association in Philadelphia. After his speech, he told reporters, “for right now, given that we’ve just moved in December and...

Source: Wall Street Journal January 05, 2018 18:22 UTC