Pat Harker

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.