Fed ought to lead in monetary know-how area, Harker says

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

Harker as a substitute argued that “given the Federal Reserve System’s preeminence in issues of monetary stability and safety, it’s a no-brainer that we must always search to grow to be not simply thought leaders however thought-and-practice leaders” within the monetary know-how area.

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