Patrick Harker, Interview: CNBC

“Well, I can only speak for myself. I’d like to see us get to say above 3.4. That was the last median and the SEP. And then maybe sit for a while. But if the data says we need to keep increasing, we keep increasing. We’ve got to get inflation under control. That is job one.”

Regarding whether the rate hike will be 50bps or 75bps, “Yeah. So I want to see the next (inflation) reading and then decide … That said, I want to put this in a bit of a historical context. Since 1983, the Fed has raised rates 86 times. 75 of those were under 50 basis points. And I think we have to recognize that a 50-basis-point move is still a substantial move.”