by Patrick T. Harker | Jul 2, 2024 | Guest Opinion, News/Current Events, Real Estate News, WRE News Exclusive
Patrick T. Harker is president and CEO of the Federal Reserve Bank of Philadelphia. This article was adapted and edited from prepared remarks delivered at the recent Global Interdependence Center 42nd Annual Monetary and Trade Conference in Philadelphia. Allow me to...
by Patrick T. Harker | Jun 7, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive
In the wake of the pandemic, one word has remained top of mind for the Federal Reserve: inflation. While headline PCE inflation has come down from its peak of 7% last year, it is still running at 5% year-over-year — way above the Fed’s long-run target of 2% annually....
