Philadelphia Fed President Harker Reflects On Federal Reserve's Economic Response

According to Odaily, Philadelphia Federal Reserve Bank President Patrick Harker stated that the Federal Reserve has effectively navigated challenging economic conditions over the past few years. Harker refrained from making forward-looking comments on monetary policy or the economic outlook. He described the Federal Reserve's policy approach as broadly considering the economy and allowing incoming data to guide policy decisions. Harker remarked, 'In the past 30 months, I believe we have proven ourselves to be good stewards of the economy.'