Speech

Economic Outlook: The Labor Market, Rates, and the Balance Sheet

Abstract: Three Rate Hikes in 2017 Seem ?Appropriate,? Says Harker May 23, 2017 ? Speaking at the Market News International Connect Roundtable in New York, Philadelphia Fed Patrick Harker said the Fed may ease its foot off the gas pedal, but ?we?re not talking about applying the brakes.? He also said the timing for unwinding the Fed?s balance sheet isn?t ?tied to a specific date or number,? although he thinks ?we?ll start sometime this year? and that ?markets will get a heads up with a good amount of time.?

Keywords: interest rates; rate hike;

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Speech

Publication Date: 2017-05-23

Number: 135

Pages: 8 pages