Fed member: If Coronavirus situation get worse, would think about impact on US economy

11 Feb 2020 10:46 AM

US Fed Member Harker has indicated that they might start studying the impact of the Coronavirus for US economy if the situation gets worse. His most prominent statements were as follows:

US economy needs a reasonable immigration policy to help grow.

I want to support a rate hike once I confirm sustainable growth in inflation.

The fed must hold the interest in a while.

We should closely monitor the development of economic data.

The economic growth curve is well positioned.

Inflation is following a growth trend towards 2% levels.

There is a state of uncertainty in the situation caused by fiscal policy, trade and geopolitical tensions.