[Fed Harker: The Fed has done a good job in guiding the economy] Golden Finance reported that Philadelphia Federal Reserve President Harker said that the Fed has effectively responded to the challenging economic situation in the past few years. Harker did not make forward-looking comments on monetary policy or the economic outlook. He described the Fed's policy as looking at the economy in a broad sense and letting incoming data set the policy path. "Over the past 30 months, I believe we have proven ourselves to be a good promoter of the economy," Harker said.