Patrick Harker, President and CEO, Federal Reserve Bank of Philadelphia
Roc Armenter, Vice-President and Economist, Federal Reserve Bank of Philadelphia
The Federal Reserve is reverting to lowering interest rates as the US economy presents a mixed picture for policy-makers. Questions are being raised about adjusting to a ‘new normal’ and the validity of unconventional policy tools. Patrick Harker and Roc Armenter from the Federal Reserve Bank of Philadelphia discuss the Fed’s balance sheet and long-term policy normalisation.