Central Banks
Fed’s Harker Says US Nearing Soft Landing as Inflation Falls
- Data point to continued disinflation, balance in labor markets
- Philadelphia Fed chief says economy on path to a soft landing
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Federal Reserve Bank of Philadelphia President Patrick Harker said a soft landing for the US economy is in sight, pointing to falling inflation and a still-strong labor market.
“The data point to continued disinflation, to labor markets coming into better balance, and to resilient consumer spending — three elements necessary for us to stick to the soft landing we remain optimistic to achieve,” Harker said Tuesday in a speech at Rowan University in Glassboro, New Jersey.