Fulfilling John Hayford’s Legacy: Moving Economics Toward a New Way to Value Infrastructure

Patrick T. Harker

Speech from Federal Reserve Bank of Philadelphia

Abstract: At a lecture at Northwestern University, Philadelphia Fed President and CEO Patrick Harker emphasized the connection between transportation infrastructure and the economy. Harker noted that it has been 70 years since the “nation’s last, great infrastructure boom” and that decisions about the future of infrastructure provide an opportunity to look at not just the costs, but “the long-range economic and quality of life benefits.” He pointed to Philadelphia Fed research, which he believes “can be put into action to help us achieve a stronger economic and more reliable transportation future.” As for Harker’s economic outlook, he said that while he sees “us on the path of taming inflation and protecting our economic underpinnings,” he would “caution that a decrease in the policy rate is not something that is likely to happen in the short term.”

Pages: 13
Date: 2023-11-09
New Economics Papers: this item is included in nep-his
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.philadelphiafed.org/-/media/frbp/asset ... thwestern-speech.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpsp:97265

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of Philadelphia Contact information at EDIRC.
Bibliographic data for series maintained by Beth Paul ().