The Fed’s Balance Sheet: The 37th Annual Monetary and Trade Conference

Patrick T. Harker

No 165, Speech from Federal Reserve Bank of Philadelphia

Abstract: Fed?s Harker on Unwinding: ?Walk, Don?t Run?. A slow and steady approach to unwinding the Fed?s balance sheet is Philadelphia Fed President Patrick T. Harker?s preference. ?So in metaphorical terms, it is a dark and stormy night, to quote Peanuts, and we are walking in the direction of a wall,? he told a conference audience. \"In that situation, most of us would give the advice of ?walk, don?t run.??

Keywords: monetary policy; GDP; outlook (search for similar items in EconPapers)
Pages: 8 pages
Date: 2019-05-06
New Economics Papers: this item is included in nep-bec, nep-mac and nep-mon
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