According to Odaily Planet Daily, Philadelphia Federal Reserve Bank President Harker said that the Federal Reserve has effectively responded to the challenging economic situation in the past few years.

Harker made no forward-looking comments on monetary policy or the economic outlook. He described the Fed's policy as looking at the economy broadly and letting incoming data set the path of policy.

“Over the last 30 months, I believe we have proven ourselves to be a good driver of the economy,” Harker said.