

Philadelphia Fed President Patrick Harker Talks Outlook for Rate Cuts
Aug 23, 2024
Philadelphia Fed President Patrick Harker discusses the need for methodical interest rate cuts, pointing towards a potential 25 basis point reduction. He emphasizes the careful and structured approach the Federal Reserve is taking amidst rising unemployment and varying consumer confidence. Harker highlights the implications of these cuts for mortgage markets and affordable housing development, while also touching on the resilience of the banking sector and its optimistic signals in the residential real estate market.
Chapters
Transcript
Episode notes
1 2 3 4 5
Intro
00:00 • 2min
Federal Reserve's Optimistic Stance on Rate Cuts and Economic Growth
02:27 • 2min
Navigating Economic Uncertainty: Unemployment and Consumer Confidence
04:02 • 2min
Navigating Interest Rates and Real Estate Trends
05:32 • 4min
Navigating Economic Risks and Fiscal Policy Concerns
09:23 • 3min