On Balance: All Things Considered on the Road to Normal

Patrick T. Harker

No 160, 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 Forum in London. 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. ??

Pages: 7 pages
Date: 2019-03-25
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpsp:160

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