Fed should lead in financial technology space, Harker says
Technology
Fed should lead in financial technology space, Harker says
(Reuters) - Philadelphia Federal Reserve President Patrick Harker did not comment on the outlook for the economy or monetary policy in prepared remarks for a speech to a financial technology innovation conference on Thursday.
Harker instead argued that "given the Federal Reserve System's preeminence in matters of financial stability and security, it is a no-brainer that we should seek to become not just thought leaders but thought-and-practice leaders" in the financial technology space.
