Comments from Federal Reserve Bank of Philadelphia's Patrick Harker
- Federal Reserve has very limited power to boost growth prospects for the U.S. economy
- US economy will likely grow at only subdued levels over the next few years
- Says fiscal policies would boost the economy's potential
- Uncertainty over potential growth is "at the heart of the genuine disagreements" FOMC members have over rate decisions
- Even the best monetary policy "can affect these factors only marginally"
via Reuters