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- Philadelphia Fed president Harker: It could cause disruption in markets if Fed tries to change pace of bond purchases too soon
Philadelphia Fed president Harker: It could cause disruption in markets if Fed tries to change pace of bond purchases too soon
- Says he could see bond purchases being reduced later but the fewer things we changed the better right now
- The virus is determining the trajectory of U.S. economy
- Economic recovery will be uneven with wildly unequal outcomes across sectors
- Expects U.S. economy to see significant slowing and possibly negative growth in Q1 2021
- Growth should be strong in H2 2021 and through 2022, before slight tapering in 2023
- Recent $900-billion stimulus should buoy economy
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