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Speech
Economic outlook and central bank policy: a speech at the University of Rochester, William E. Simon Graduate School of Business Administration Economic Outlook Seminar, November 27, 2007
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, presented at the University of Rochester, William E. Simon Graduate School of Business Administration , Economic Outlook Seminar, Hyatt Regency Rochester, November 27, 2007
Speech
The Fed’s Balance Sheet: The 37th Annual Monetary and Trade Conference
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.??
Speech
Inflation: What Caused It and What to Do About It
Patrick T. Harker, Philadelphia Fed president and CEO, told an audience at the Greater Vineland Chamber of Commerce that he recognizes that “this is a period of tremendous hardship for Americans, particularly those with low or moderate income” due to high inflation. Harker noted that the Federal Reserve has responded by reducing its balance sheet and raising the federal funds rate 300 basis points since the start of 2022. He also said he expects the Fed to continue to raise rates “for a while.” “Inflation will come down, but it will take some time to get to our target,” he said
Speech
Economic outlook : a speech at the Blair County Chamber of Commerce Breakfast Club, Altoona, PA, June 11, 2010
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia. ; Blair County Chamber of Commerce Breakfast Club, Altoona, PA, June 11, 2010
Speech
A perspective on the U.S. economic outlook and monetary policy
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, Global Interdependence Center's Central Banking Series: Recovery 2013 ? Strength or Stagnation?, Milan, Italy, May 16, 2013 ; Note: President Plosser presented similar remarks on May 14, 2013, before the SNS (Center for Business and Policy Studies) and the SIFR (The Institute for Financial Research) in Stockholm, Sweden.
Speech
Assessing monetary policy
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia. ; Global Interdependence Center's Fifth Annual Rocky Mountain Economic Summit, Jackson Hole, WY
Speech
“Doing Nothing” Is Still Doing a Lot
Philadelphia Fed President and CEO Patrick Harker spoke at a meeting of the New Jersey and Philadelphia Chapters of the National Association of Corporate Directors (NACD) in Philadelphia about the Fed’s actions to “press down on inflation and bring markets into a better balance.” Harker said that holding rates steady “will let monetary policy do its work. By doing nothing, we are still doing something.” Amid an “unpredictable” economy, monitoring the data can “separate a signal from noise” over time; however, “we remain data dependent but patient and cautious with the ...
Speech
The Urgency of an Equitable Workforce Recovery
During remarks at the virtual Official Monetary and Financial Institutions Forum, Philadelphia Fed President Patrick Harker discussed three possible avenues to achieving an equitable workforce recovery as we emerge from the pandemic: getting more people into opportunity occupations that don’t require a four-year college degree, improving access to affordable childcare, and ensuring workers can get the training and education they need.
Speech
The Benefits and Casualties of Trade
It?s time for fiscal and other policies to take the lead in growing the American economy, Federal Reserve Bank of Philadelphia President Patrick T. Harker said in a speech today at the Global Interdependence Center?s Central Banking Series in Dublin, Ireland. President Harker?s comments focused on the benefits and casualties of international trade
Speech
Highlighting the Labor Market’s New Complexities; Listening to Worker Voices
Speaking at a National Association for Business Economics webinar, Philadelphia Fed President and CEO Patrick Harker said he expects “inflation to decline to somewhere around 3.5 percent this year.” But Harker said that he “will be closely monitoring incoming data, listening to our contacts and audiences, and evaluating economic conditions to assess whether additional tightening will be needed.” Harker also stressed the importance of “soft data” to complete our picture of the labor market, urging the audience to read the Fed’s new Worker Voices report, which details what U.S. ...