Harker Favors Fed Skipping Rate Hike at Next Meeting

The transcript discusses the current economic situation, highlighting challenges like supply chain and labor issues. It emphasizes the need for careful policy decisions, suggesting a 'skip' rather than a 'pause' in policy changes. The speaker is cautious about making immediate changes, preferring to wait for more data before deciding on further tightening. The overall message is to proceed with caution and adapt based on upcoming economic indicators.

What does the speaker mean by 'skipping' an increase in the context of economic policy?

How does the speaker suggest handling future tightening of policies?