Name: Patrick T. Harker
Summary: The New Normal for the U.S. Economy: "Accordingly, I would like to see rates raised sooner rather than later. With an early start, we can better ensure that monetary accommodation is removed gradually and that inflation returns to the Fed’s 2 percent target smoothly. My fear is that the Federal Reserve risks losing its credibility and only adds uncertainty to the economic landscape the longer the Committee waits to begin normalizing policy. Therefore, raising rates this year will, in my view, serve to reduce monetary policy uncertainty and to keep the economy on track for sustained growth with price stability."
Lean: Hawkish
Substantially Similar to Prior Statements: No
Statement Date: December 4, 2015
Publication Date: December 4, 2015
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