Giving the Economy Time to Catch Its Breath

Patrick T. Harker

Speech from Federal Reserve Bank of Philadelphia

Abstract: During a presentation at the Mortgage Bankers Association Annual Convention and Expo in Philadelphia, Patrick Harker, Philadelphia Fed president and CEO, said that his position on “holding the policy rate steady is the prudent one to take.” Harker also said that he believes “such a resolute, but patient, stance of monetary policy will allow us to achieve the soft landing that we all wish for our economy.” He noted that he continues “to see strong underpinnings for our economy overall,” adding that this “economy is proving to be nothing if not resilient. I expect this to continue.”

Pages: 8
Date: 2023-10-16
New Economics Papers: this item is included in nep-ban
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.philadelphiafed.org/-/media/frbp/asset ... 16-23-mba-speech.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpsp:97146

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of Philadelphia Contact information at EDIRC.
Bibliographic data for series maintained by Beth Paul ().