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Speech
The Prosperity Forum: Economic Mobility Research in Action
The U.S. economy is "doing really well" overall, Philadelphia Federal Reserve Bank president Patrick Harker said on Friday, in a speech that was long on a Fed program aimed at promoting economic mobility and short on broader economic or monetary policy themes. "The reality of the tight labor market means that employers have to start thinking creatively and long term about how they?re going to address the gaps in their workforces," Harker said in remarks prepared for delivery in Philadelphia. The Philadelphia Fed's Economic Growth & Mobility Project, he said, works with local community ...
Speech
The Importance of Infrastructure
The labor market is ?more or less at full health,? said Federal Reserve Bank of Philadelphia President Patrick T. Harker today during an urban infrastructure conference at Drexel University. He also discussed the importance of infrastructure and how transportation and housing must evolve to meet the demands of a changing population.
Speech
Economic Outlook for Delaware and the Nation: Cautious Optimism
During a virtual speech at the New Castle County Chamber of Commerce, Philadelphia Fed President Patrick Harker reported strong signs of economic recovery in Delaware with an uptick in employment and housing numbers. But he said the pandemic is still impacting the national economy with the emergence of the Delta variant, supply chain constraints, and unemployment as the Federal Reserve begins tapering asset purchases.
Speech
The Future of the Fed’s Balance Sheet
In opening remarks on a panel at the US Monetary Policy Forum in New York City, Philadelphia Fed President Patrick Harker discussed unwinding the Fed?s balance sheet. He said that, in his view, "a slow and steady approach is not only the safer option, it?s one that will reduce uncertainty about the evolution of the balance sheet."
Speech
Central Banking and Its Discontents? Athenaeum of Philadelphia Philadelphia, PA
The value of the U.S. central bank's structure in strengthening local and national economies was underscored by Federal Reserve Bank of Philadelphia President Patrick T. Harker during a speech today at the Athenaeum of Philadelphia.
Speech
Economic Outlook
Fed President Patrick T. Harker said he expects the U.S. economy to grow around 2 percent in 2020, indicating no change from his outlook of recent months. Speaking at the 2020 Economic Leadership Forum hosted by the New Jersey Bankers Association, Harker discussed his view of the labor markets and inflation as well as recent developments in the Fed’s balance sheet normalization process and efforts to modernize the Community Reinvestment Act.
Speech
The Economic Recovery Continues
Philadelphia Fed President and CEO Patrick T. Harker told a virtual audience at the CFA Society Philadelphia that a combination of increased vaccinations, falling COVID-19 case rates, and a strong dose of fiscal stimulus should stoke economic growth in 2021. His forecast points to national GDP growth of 7 percent for the year.
Speech
Keynote Address: The Economic Outlook
Speaking before an audience in Bucks County, PA, Philadelphia Fed President Patrick Harker said that a "new normal" in the economy may mean rethinking policy targets. "Things are unlikely to return to what we considered their relative norms before the recession," he said.
Speech
An Economic Outlook
Philadelphia Fed President Patrick Harker gave an economic outlook and focused on skills and the workforce to the Jewish Business Network in Philadelphia. Harker said that employers struggle to fill high-skilled jobs, which are less likely to be automated. ?The reality of the tight labor market means that employers have to start thinking creatively and long term about how they?re going to address the gap between the skills they want and need and those available in the labor pool,? he said.
Speech
2019 Community Banking in the 21st Century Research and Policy Conference
Philadelphia Fed President Patrick Harker discussed the importance of community banks and issues they face, including technological change, demographic pressures, and regulatory burden during a keynote speech at the Community Banking in the 21st Century Research and Policy Conference in St. Louis.