Fed’s Harker says warning indicators rising for economic system

By Michael S. Derby

NEW YORK (Reuters) – Federal Reserve Financial institution of Philadelphia President Patrick Harker stated Thursday that whereas the economic system is at present in good condition, there are warning indicators of bother looming.

“Unemployment nonetheless low, nonetheless getting progress, however there are threats to this. We’re beginning to see that confidence is beginning to wane,” Harker stated in remarks at his financial institution.

Whereas inflation has been retreating, “I am apprehensive that proper now that’s in danger, that decline is in danger,” he stated, whereas including it is nonetheless his expectation value strain will proceed to retreat.

(Reporting by Michael S. Derby; Modifying by Chizu Nomiyama)