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Economic news

Philadelphia Fed says its now looking for Harker successor

09/04/2024

Less than a minute

2024.09.04 11:16

© Reuters. FILE PHOTO: Federal Reserve Bank of Philadelphia President Patrick Harker stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, U.S. August 24, 2023. REUTERS/Ann Saphir/File Photo

NEW YORK (Reuters) – The Federal Reserve Bank of Philadelphia said Wednesday it is launching a search to replace its current leader Patrick Harker, who will retire next June.

“We will run an open and inclusive nationwide search including broad input” from the Philadelphia Fed district, said Anthony Ibargüen, CEO of Quench USA, Inc., and chair of the Philadelphia Fed board of directors, in a press release. “Our goal is to find a new leader who will carry on President Harker’s service to our communities and commitment to promoting a strong U.S. economy.”

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09/04/2024

Less than a minute