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Patrick Harker (right), in red hard-hat and orange safety vest, met with Philadelphia shipyard workers in 2017. As president of the Federal Reserve Bank of Philadelphia, which has fewer big banks than most Fed districts, Harker focused on workforce training, and payments and digital systems. The former Wharton dean in 2025 returned to Penn and says he's focused on fiscal and payment system risks to the U.S. and the importance of clear policy messaging.

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Ex-Philly Fed chair is back at Wharton and on a quest to save the world financial system

August 17, 2026

Listen to article • 0:00 min U.S. borrowing is at record levels, interest rates are up, and Social Security…