Fed's Harker: Amid uncertainty, the Fed must wait and see on next policy steps
Federal Reserve (Fed) Bank of Philadelphia President Patrick Harker added his own perspective to comments from other Fed officials earlier in the day, noting that whiplash trade policies from the Trump administration are making it difficult for Fed officials to move on policy rates.
Key highlights
Amid uncertainty, the Fed must wait and see on next policy steps.
There's still no idea how shifting economic policies will affect the economy.
Slow disinflation by itself justifies the Fed holding steady on interest rates.
It is entirely possible that the Fed may face rising inflation and unemployment at the same time.
Hard data have remained robust.
The US economy is resilient, but there are stresses in the foundation.
The economy faces many different possible paths.
Thus far, the job market has been mostly stable.
Author
Joshua Gibson
FXStreet
Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.
