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Philly Fed`s Harker echoing earlier comments....>

FED
FED: Philly Fed`s Harker echoing earlier comments in Fox interview earlier.
- But sounds like standing repo facility still a ways off? "discussions are in
their infancy, and there is more work to be done, particularly in considering
how such a facility would be designed, what its objectives would be, and what
its net benefits would be relative to alternative approaches."
- Re balance sheet, "we may need to resume the organic growth of the balance
sheet earlier than anticipated."
- Re rates, as on Fox earlier, "My own view is that we should hold firm, letting
things settle and watching how events play out."

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