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Economic Outlook and the Anchor Economy Initiative

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  • Patrick T. Harker

Abstract

Philadelphia Fed President and CEO Patrick T. Harker told an audience at the University of Delaware’s Lyons Center for Economic Education and Entrepreneurship that the Federal Reserve is “absolutely committed to bringing inflation back to our 2 percent target.” Harker said he expects the Fed to raise rates a few more times this year, but that in his view, “hikes of 25 basis points will be appropriate going forward.” He also introduced the Philadelphia Fed’s Anchor Economy Dashboard, which captures the impact of higher education institutions and hospitals on regional economies.

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  • Patrick T. Harker, 2023. "Economic Outlook and the Anchor Economy Initiative," Speech 95494, Federal Reserve Bank of Philadelphia.
    • Handle: RePEc:fip:fedpsp:95494
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/institutional/speeches/harker/2023/1-18-23-lyons-center-ud.pdf
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