The president of the Federal Reserve (Fed, the US central bank) of Philadelphia, Patrick Harker, said that the US Central Bank continues to rely on broad data, not just a single month or indicator, which protected the country’s economy from the inflationary spike in the first quarter of 2024.
The comments were made in a speech prepared for an event with economics students at Tulane University, released this Friday, the 20th.
Harker, however, avoided talking about interest rates or future prospects for the macroeconomy.
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