By Michael S. Derby
NEW YORK (Reuters) – Federal Reserve Financial institution of Philadelphia President Patrick Harker stated Thursday that whereas the financial system is at the moment in good condition, there are warning indicators of bother looming.
“Unemployment nonetheless low, nonetheless getting development, however there are threats to this. We’re beginning to see that confidence is beginning to wane,” Harker stated in remarks at his financial institution.
Whereas inflation has been retreating, “I am nervous that proper now that’s in danger, that decline is in danger,” he stated, whereas including it is nonetheless his expectation value stress will proceed to retreat.
(Reporting by Michael S. Derby; Enhancing by Chizu Nomiyama)
