Our website will undergo scheduled maintenance on March 6th, 2024. During this time, connection to our website and some of its features may be unavailable. Thank you for your patience, and we apologize for any inconvenience.

Speech

Opening Remarks


Abstract: Speaking to students and faculty at an event held by the Wharton Initiative on Financial Policy and Regulation, Philadelphia Fed President and CEO Patrick Harker stated, “We see a lot of room for improvement” on the inflation side of the dual mandate. Harker added, “Since the full impact of monetary policy actions can take as much as 18 months to fully work its way through the economy, we will continue to look closely at available data to determine what, if any, additional actions we may need to take. But make no mistake: We are fully committed to bringing inflation back down to our 2 percent target.”

Access Documents

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Speech

Publication Date: 2023-04-11