Speech

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

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;

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Speech

Publication Date: 2019-05-06

Number: 165

Pages: 8 pages