Speech
On Balance: All Things Considered on the Road to Normal
Harker, Patrick T. (2019-03-26)
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 Ninth Economists? Meeting in Frankfurt, Germany. 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. ..."
Speech , Paper 162