On Balance: All Things Considered on the Road to Normal

Patrick T. Harker

No 162, Speech from Federal Reserve Bank of Philadelphia

Abstract: Philadelphia Fed President Patrick Harker discussed the U.S. and global economies and the Fed?s monetary policy outlook at the Official Monetary and Financial Institutions Ninth Economists? Meeting in Frankfurt, Germany. Regarding unwinding the balance sheet, Harker said a \"slow and steady approach\" that leads to a gradual decrease in average reserves is ?not only the safer option, it has the additional advantage of reducing uncertainty. ...\"

Keywords: global economy; central banks; cash reserves (search for similar items in EconPapers)
Pages: 8 pages
Date: 2019-03-26
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