Speech

On Balance: All Things Considered on the Road to Normal


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. ??

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Speech

Publication Date: 2019-03-25

Number: 160