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The Fed’s Balance Sheet: The 37th Annual Monetary and Trade Conference

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  • Patrick T. Harker

Abstract

Fed?s Harker on Unwinding: ?Walk, Don?t Run?. A slow and steady approach to unwinding the Fed?s balance sheet is Philadelphia Fed President Patrick T. Harker?s preference. ?So in metaphorical terms, it is a dark and stormy night, to quote Peanuts, and we are walking in the direction of a wall,? he told a conference audience. \"In that situation, most of us would give the advice of ?walk, don?t run.??

Suggested Citation

  • Patrick T. Harker, 2019. "The Fed’s Balance Sheet: The 37th Annual Monetary and Trade Conference," Speech 165, Federal Reserve Bank of Philadelphia.
    • Handle: RePEc:fip:fedpsp:165
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    Keywords

    monetary policy; GDP; outlook;
    All these keywords.

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