More from Fed's Harker: If coronavirus situation gets worse, would need to think about impact on US economy

More from Fed's Harker (voting member from Philadelphia)

  • If coronavirus situation gets worse, we need to think about impact on US economy but were not at that point now
  • not a point where risks need policy accommodation
  • US needs sensible immigration policy to help growth
  • a rate cut would not do anything to boost business investment
  • businesses are struggling to find workers even after recruiting people off the sidelines
  • he would support a rate increase of inflation started to show sustained growth, but we're not there yet

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