News list for " Harker"
The Federal Reserve's Harker said that the Federal Reserve should adjust its balance sheet to be all or mainly government bonds, and bank reserves are expected to contract rapidly. There is still a lack of clarity on the end point of the balance sheet reduction.
According to the Golden Ten report, the Federal Reserve Harker said that the current economic situation supports the temporary stability of interest rate policy, and the current monetary policy is in a good state.
The Federal Reserve's Harker said that the Federal Reserve should now take a break from monetary policy and can maintain its current policy position for a while, but not for long.
Mr. Harker said the Fed must watch fintech "very closely".
Mr. Harker, president of the Philadelphia Fed, said the Fed had responded effectively to challenging economic conditions over the past few years. Mr. Harker made no forward-looking comments on monetary policy or the economic outlook. He described Fed policy as taking a broad view of the economy and letting incoming data set the policy path. "Over the last 30 months, I believe we have proven ourselves to be good movers of the economy," Mr. Harker said.
The Federal Reserve's Harker said the neutral rate is around 3%.
Mr. Harker says we need to start cutting rates. That process should continue.
The Federal Reserve's Harker said the end of the balance sheet reduction depends on the market, and the end of the easing cycle could keep the federal funds rate at about 3 percent.
