Fed’s Harker Says Policymakers Need to Wait for More Clarity

Federal Reserve Bank of Philadelphia President Patrick Harker said the US economy remains resilient and officials should maintain a wait-and-see approach until there is more clarity about how tariffs and other policies will affect the outlook.

“Even in a time of uncertainty, we remain as certain and deliberate as ever in our approach,” Harker said Thursday in prepared remarks for an event at the Philadelphia Fed. He added that’s why he’s supportive of recent decisions to “keep the Fed’s policy interest rate steady.”

WATCH: In his final public remarks as president of the Federal Reserve Bank of Philadelphia, Patrick Harker says the US economy remains resilient and officials should maintain a wait-and-see approach to monetary policy.

Source: Bloomberg

Fed officials have signaled they intend to hold borrowing costs stable amid uncertainty over how the ...