Philadelphia Fed President Patrick Harker argued Wednesday that the Fed should be careful about communicating about asset purchases to avoid a tantrum, it reported. Reuters.
Featured statements
“Today’s housing market is very different from the Great Recession.”
“The time frame for reducing the talks has not been decided.”
“My view is that if one of the purposes of asset purchases is to help the market run smoothly, the Fed is there.”
“The Fed needs to discuss when is the right time to adjust asset purchases.”
Market reaction
The US Dollar Index It paid little to no attention to these comments and was last seen trading flat on the day at 89.93.
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