Pat Harker

Pat Harker, the former president of the Federal Reserve Bank of Philadelphia and a distinguished professor at Wharton, dives into his bold vision for a “digital AI land grant act.” He argues that big tech owes ongoing support to communities hosting data centers. Topics include creating educational partnerships to enhance AI training, co-locating training facilities near data centers, and applying AI to strengthen local industries like agriculture and healthcare. Harker emphasizes the urgency of expanding these initiatives beyond tech hubs to underrepresented areas.

Pat Harker, former president of the Federal Reserve Bank of Philadelphia and now a distinguished professor at Wharton, proposes a 'digital land grant' to enhance AI workforce training. He discusses how tech companies must contribute to lasting community benefits after data centers are built. Harker advocates for forming university networks to scale AI education and promotes a 'digital dividend' funding model. He highlights the urgency of adapting training for rural economies, where applied AI can transform sectors like agriculture and healthcare.

Pat Harker, former president of the Philadelphia Fed and current Penn Wharton professor, delves into pressing economic challenges, including the impact of the government shutdown on monetary data. He highlights the importance of private-sector data as complements to traditional stats. Harker also warns of risks to Fed independence amid political pressures and discusses balancing inflation with labor market needs. He shares insights from his tenure, emphasizing pragmatic policymaking and potential solutions for long-term debt challenges.