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Harker: Economic Outlook
One of the things I’ve noticed about this job is that people find me a lot more interesting when I’m a voting member of the FOMC. So I won’t take it personally that the last time I spoke to this group was almost exactly three years ago … Some things look very different in 2020 than they did in 2017. The makeup of the Fed’s Board of Governors has changed. We are in a different part of the business cycle. My outlook for interest rates is markedly dissimilar. But some things have held firm. Specifically, while the outlook for rates may be starkly different, a lot of the phrases I used to describe the state of ... (full story)