US EditionEconomy remains resilient, but its foundation is subject to stressors, Philly Fed's Harker says
3 Articles
3 Articles
Patrick Harker, president of the Federal Reserve (Fed) of Philadelphia, said yesterday – in his last speech as the authority of the U.S. central bank – that the economic landscape is too unstable at this time to say what the next step of monetary policy will be. “The U.S. economy remains resilient (...) I see no dangerous cracks in the foundations, but there are stress factors in these foundations,” he said in the text of a speech prepared to be…
Fed's Harker: Amid uncertainty, the Fed must wait and see on next policy steps
Federal Reserve (Fed) Bank of Philadelphia President Patrick Harker added his own perspective to comments from other Fed officials earlier in the day, noting that whiplash trade policies from the Trump administration are making it difficult for Fed officials to move on policy rates.
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