Philadelphia Fed President Harker: 'I Still See Us on Downward Policy Rate Path'
January 10, 2025
January 10, 2025
PRINCETON, Pennsylvania, Jan. 10 -- The Federal Reserve Bank of Philadelphia issued the following news release on Jan. 9, 2025:
Patrick T. Harker, president and CEO of the Federal Reserve Bank of Philadelphia, today said that while economic uncertainties remain, he sees reason in recent economic data for the Federal Open Market Committee's (FOMC) effort to begin decreasing the policy interest rate to continue through 2025.
Harker gave his forecast during the New Je . . .
Patrick T. Harker, president and CEO of the Federal Reserve Bank of Philadelphia, today said that while economic uncertainties remain, he sees reason in recent economic data for the Federal Open Market Committee's (FOMC) effort to begin decreasing the policy interest rate to continue through 2025.
Harker gave his forecast during the New Je . . .