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.

(Reporting by Michael S. Derby; Editing by Paul Simao)