Philadelphia Fed president Harker: U.S. employment won't recover until 2023

Market news

29 September 2020

Philadelphia Fed president Harker: U.S. employment won't recover until 2023

GDP growth unlikely to reach pre-COVID pace this year
Congress should consider further economic aid soon
Continued growth depends on slowing virus spread
Average inflation targeting will not focus on a formula but on the rate of change in inflation

BoE's governor Bailey: Q3 recovery is a bit ahead of where we thought it would be in August

U.S. consumer confidence improves much more than expected in September

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