Philly Fed’s Harker (non-voter, retiring Jun 2025) is the first of three Fed speakers today despite the President’s Day holiday.
The dovish leaning FOMC member is set to speak on the economic outlook 0930ET (text followed by Q&A), having last said on Jan 9 that the Fed can stay where we are [with policy rates] for a little bit but not for long.
“I still see us on a downward policy rate path. Looking at everything before me now, I am not about to walk off this path or turn around…but the exact speed I continue to go along this path will be fully dependent upon the incoming data.”