- Philadelphia Fed President Harker: Fed is pretty much where we need to be
Market news
22 August 2019
Philadelphia Fed President Harker: Fed is pretty much where we need to be
- We are not out of sync with other economies
- Fed needs to do what is appropriate for the US
- Rates cannot get too far away from other global rates
- Fed is roughly where neutral is
- He does not see case for further easing
- We should stay here for a while, see how things play out
- The yield curve inversion is "a signal" but not the only signal. We must look at many
- Labor market is strong, inflation is moving up slowly
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