Investing in America’s Workforce
Philadelphia Fed President Patrick Harker spoke at the Fed?s Investing in America?s Workforce conference in Austin, TX. His presentation covered the findings of a new Fed report on workforce development.
On Balance: All Things Considered on the Road to Normal
Philadelphia Fed President Patrick Harker discussed the U.S. and global economies and the Fed?s monetary policy outlook at the Official Monetary and Financial Institutions Ninth Economists? Meeting in Frankfurt, Germany. Regarding unwinding the balance sheet, Harker said a "slow and steady approach" that leads to a gradual decrease in average reserves is ?not only the safer option, it has the additional advantage of reducing uncertainty. ..."
Adaptation: How Educators and Employees Evolve to Meet the Needs of a Changing Landscape
"The changing landscape of the labor market offers an opportunity to assess how we?re preparing today?s students for tomorrow?s jobs,? said Philadelphia Fed President Patrick T. Harker today in his remarks on the role of higher education
Economic Outlook and Building an Inclusive Recovery
President Patrick T. Harker told an audience at the Center City Proprietors Association that the path of the U.S. economy for the rest of the year depends largely on developments involving COVID-19. Addressing the audience virtually, Harker also said he hoped the next period of economic growth would be “strong and more inclusive than the last.”
Speaking to the audience at the New Jersey Bankers Annual Leadership Forum, Philadelphia Fed President and CEO Patrick Harker said that, like the national economy, the “region’s economy reflects weakening conditions in business and interest-rate sensitive areas such as housing, but maintains significant strengths, particularly in the labor market.” In light of the strength of labor markets, Harker said he expects “GDP growth will be modest, but I’m not forecasting a recession.”
A Brief History of the Fed Universe
In remarks to the Greater Vineland Chamber of Commerce in New Jersey, Philadelphia Fed President Patrick T. Harker kept his outlook in line with that of recent weeks. ?I continue to be in wait-and-see mode, and my outlook for rates remains, at most, one hike for 2019 and one for 2020,? he said.
Economic Outlook Amid COVID-19
Philadelphia Fed President Patrick T. Harker told an audience at the Chicago Council on Global Affairs that he foresees two possible paths for the U.S. economy. Addressing the council via Zoom, Harker said which path we take depends on how measures to mitigate the spread of COVID-19 play out.
Hanging a Question Mark
Fed?s Harker Speaks at Management Science?s 65th Anniversary Conference. Philadelphia Fed President Patrick T. Harker gave remarks focusing on technology, automation, and the importance of human insight at Management Science?s 65th Anniversary Conference in Boston. ?In my experience, you run into trouble when you start thinking your model can do all the work,? he said.
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.
The Dynamics of Dynamism
Speaking in front of the New York Association for Business Economics, Philadelphia Fed President Patrick Harker discussed the decline in business dynamism and what it could mean for the U.S. economy.