Philly Fed President Patrick Harker was a model central banker. He never made waves, was thoughtful and always professional. He’s retiring at month-end and is out with some comments:
- It’s still possible the Fed can cut later this year
- Uncertainties make it very hard to divine monetary policy outlook
- Worries that the quality of economic data is eroding
- We’re increasingly flying blind on data
You tend to get a bit more candor at this point in a central banker’s career but obviously he will no longer have any say. His successor will get a vote next year.
This article was written by Adam Button at www.forexlive.com.
