Federal Reserve Bank of Philadelphia President Patrick Harker earlier remarks are here:

Q&A now, more incoming:

  • we have to be a little careful what we don't overdo it
  • Bank stress is not over, but has calmed down
  • Don't think there should be a blanket increase in FDIC insurance caps
  • Primary tool for financial stability is not monetary policy
  • There's a high bar for using monetary policy for financial stability
Harker Jackson Hole