“Fed 101”: A Broad Look at the Federal Reserve and Its Role

Patrick T. Harker

Speech from Federal Reserve Bank of Philadelphia

Abstract: In an invited speech before several hundred students at Villanova University, Federal Reserve Bank of Philadelphia President and CEO Patrick T. Harker spoke on the role of the Fed “to utilize the tools of monetary policy available to us to help the economy stay on an even, forward course.” However, Harker impressed upon the students that it is their decisions that ultimately chart the economy’s future, saying, “It is each of you, as consumers, as potential employees, or as potential business owners and employers, who are the economy.” He also spoke about the Fed’s history and makeup, its dual mandate of stable prices and maximum employment, and the importance he puts on listening to contacts to glean real-time insights into current economic conditions as he makes decisions. Harker also discussed career opportunities available within the Federal Reserve System for both economic and non-economic degree holders.

Pages: 6
Date: 2025-04-14
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.philadelphiafed.org/-/media/FRBP/Asset ... 14-Fed101-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:99850

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 ().