Philadelphia Fed President Patrick Harker said Tuesday that the Federal Reserve will continue to carefully review the available data to determine what additional actions should be takenif necessary.
Additional comments
The full impact of monetary policy measures may take 18 months to be felt.
are already observed promising signs that the Fed’s measures are working.
The Fed is fully committed to 2% inflation.
It is “disappointing” that recent readings show disinflation advancing slowly.
The US banking system is strong and resilient.
We have to be a little careful not to overdo it.
The tension in the banks has not ended, but it has calmed down.
I don’t think there should be a general increase in fdic insurance limits.
The main tool for financial stability is not monetary policy.
There is a very high bar for using monetary policy for financial stability.
Now is not the time to change the Federal Reserve’s 2% inflation target.
We have to be absolutely dedicated to getting to 2% inflation.
In my opinion, we have to put the rates above 5%.
If we see that inflation does not go down, we will have to take more measures.
Inflation is the first objective.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
