More from Philadelphia Fed Pres. Harker:
- Labor market looks pretty solid.
- Home insurance price rises becoming real challenge.
- Inflation is moving slowly down but there are risks.
- Fed should moved to all our mostly treasury bond balance sheet.
- Expects to see bank reserves contract more swiftly soon.
- Lack of clarity still surrounds endpoint for balance sheet wind down.
- Doesn't appear liquidity tighten enough yet to stop balance sheet wind down
