patrick harker
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  • Fed's Harker says failure to control virus creating more economic uncertainty Jul 15, 2020 10:10 PM IST

    Fed's Harker says failure to control virus creating more economic uncertainty

    Based on average forecasts, Harker said real GDP growth could drop by 20 percent in the first half of this year and then grow by 13 percent in the second half. He said the economy could decline by about 6 percent for the year

  • Bills to limit Fed's policy freedom 'deeply concerning': Harker Feb 22, 2017 08:21 AM IST

    Bills to limit Fed's policy freedom 'deeply concerning': Harker

    Proposed congressional bills that would limit the Federal Reserve's ability to independently decide policy are deeply concerning though the Fed, in order to be more transparent, can "communicate better" what motivates such decisions, a Fed official said on Tuesday.

  • Fed's Harker says Mar 'should be considered' for next rate hike Feb 07, 2017 07:52 AM IST

    Fed's Harker says Mar 'should be considered' for next rate hike

    The Fed raised rates for only the second time since the financial crisis in December, and most Fed policymakers agree with Harker that three more rate hikes this year would be appropriate. Wall Street banks and interest-rate futures traders are betting the Fed will only lift borrowing costs twice this year, starting in June.

  • Fed may unwind balance sheet when fed funds hits 1%: Harker Jan 12, 2017 08:28 PM IST

    Fed may unwind balance sheet when fed funds hits 1%: Harker

    The Federal Reserve can consider beginning to shrink its massive bond holdings once the overnight interbank lending rate hits 1 percent, Philadelphia Fed President Patrick Harker said on Thursday.

  • Fed needs to assess how policies could change under Trump:Harker Nov 17, 2016 07:57 AM IST

    Fed needs to assess how policies could change under Trump:Harker

    The Federal Reserve must take into account potential policy changes made by the incoming Trump administration which could affect the US central bank, Philadelphia Fed President Patrick Harker said on Wednesday.

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