The Economy and the Job Market: Where We’re Going, Where We’ve Been

Patrick T. Harker

Speech from Federal Reserve Bank of Philadelphia

Abstract: Philadelphia Fed President Patrick T. Harker told an audience at Rider University that the job market is “extremely robust” but that inflation, the other half of the Fed’s mandate, is “proving more troublesome.” He said he anticipates both “a series of deliberate, methodical hikes” this year and that the Fed will begin to unwind its balance sheet. He also highlighted recent research from the Philadelphia Fed about how workers without college degrees are finding new opportunities after high rates of unemployment early in the pandemic. “This is clearly a salutary trend, and we should be thinking of ways to build on it,” he said

Pages: 9
Date: 2022-04-14
New Economics Papers: this item is included in nep-ore
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.philadelphiafed.org/-/media/frbp/asset ... rider-university.pdf (text/html)

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:93995

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 ().