Fed's Harker says central bank should hold rates steady for a while

Philadelphia Federal Reserve Bank President Patrick Harker said he expects economic growth to reach 2% this year and that the unemployment rate could stay below 4% for a couple of years, according to remarks prepared for a speech in Newark, Delaware."My own view right now is that we should hold steady for a while and watch how developments and the data unfold before taking any more action," Harker said.Fed officials left rates unchanged at last month's policy meeting, with the target range for t