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Future Monetary Landscape Is Being Painted by Both Hard and Soft Data

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  • Patrick T. Harker

Abstract

At the 80th anniversary celebration of the Chartered Financial Analyst (CFA) Society Philadelphia, Philadelphia Fed President and CEO Patrick Harker noted that the economic indicators tracked by the Philadelphia Fed “give me reason to feel positive about the path forward.” Taking a holistic view, Harker said the “workings of the economy cannot be rushed,” noting the impact of other pressures in play, including labor market turmoil, the resumption of student loan payments, and the events around the world. With the data he has now, Harker said the economic “underpinnings remain strong,” and he expects “the economy’s overall resilience to continue.”

Suggested Citation

  • Patrick T. Harker, 2023. "Future Monetary Landscape Is Being Painted by Both Hard and Soft Data," Speech 97188, Federal Reserve Bank of Philadelphia.
    • Handle: RePEc:fip:fedpsp:97188
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/institutional/speeches/harker/2023/10-19-23-cfa-speech.pdf
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