The Fed: MarketWatch interview: Fed’s Harker says skipping June rate hike is returning to normalcy

Skipping a rate hike in June will put an end to the “frenetic” pace of interest-rate hikes seen over the past 14 months, Philadelphia Fed President Patrick Harker said Wednesday in an interview with MarketWatch.

“Think about where we used to be. We would do an increase at every other meeting. I think we need to get back to that,” Harker said.

“I…