Fed Harker speaking on the economy
- Fed should hold rates steady for a while
- Fed should watch how developments and data unfold before taking action
- The economy is in good shape and he expects economic growth of 2% this year
- Economy on track to reach 2% inflation target
- He expects unemployment rate to stay below 4% for the next couple of years
- Mortgage refinancing could support consumer spending this year
- Uncertainty over fiscal policies, trade and geopolitical tensions is holding back business investment
- Negative effects of coronavirus on Chinese economy or something to watch
Fed Harker is the president of the Philadelphia Fed and is a voting member of the FOMC in 2020
