Fed ought to lead in monetary expertise house, Harker says

(Reuters) – Philadelphia Federal Reserve President Patrick Harker didn’t touch upon the outlook for the economic system or financial coverage in ready remarks for a speech to a monetary expertise innovation convention on Thursday.

Harker as an alternative argued that “given the Federal Reserve System’s preeminence in issues of economic stability and safety, it’s a no-brainer that we should always search to turn out to be not simply thought leaders however thought-and-practice leaders” within the monetary expertise house.

(Reporting by Michael S. Derby; Modifying by Paul Simao)