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Fed’s Harker says central bank will ‘hold steady’ for now The U.S. economy could grow by around 5% to 6% this year, buoyed by increased vaccinations and strong fiscal aid, but the Federal Reserve is not going to pull back its support yet, Philadelphia Federal Reserve Bank President Patrick Harker said on Tuesday. “For now, Fed policy is going to hold steady,” Harker said in remarks prepared for a virtual event organized by the Delaware State Chamber. “While the economic situation is improving, recovery is still in its early stages, and there’s no reason to withdraw support yet.” Policymakers agreed last month to leave interest rates near zero and keep purchasing $120 billion a month in bonds until the economy makes “substantial further progress” toward the Fed’s goals for inflation and maximum employment.

United statesChizu nomiyamaJonnelle martePatrick harkerPhiladelphia federal reserve bankDelaware state chamberFederal reserveDelaware stateஒன்றுபட்டது மாநிலங்களில்பேட்ரிக் ஹார்‌கர்பிலடெல்பியா கூட்டாட்சியின் இருப்பு வங்கிடெலாவேர் நிலை அறைகூட்டாட்சியின் இருப்புடெலாவேர் நிலை