Fed Independence, Inflation, and the Future of the Federal Reserve

ABOUT THE EPISODE Can the Federal Reserve remain independent in an increasingly political environment?

Patrick Harker, Professor of Operations, Information and Decisions at the Wharton School and former President and CEO of the Federal Reserve Bank of Philadelphia, discusses Jerome Powell’s legacy, the growing political pressure facing the Federal Reserve, and what to expect from incoming Fed Chair Kevin Warsh.

The conversation explores how the Fed navigated the pandemic, why inflation expectations remain a major concern, how geopolitical conflict could impact monetary policy, and why Fed independence may be one of the institution’s most important strengths moving forward.

ABOUT THE PODCAST This Week in Business features interviews with Wharton faculty about the latest news, fascinating trends, and issues impacting both consumers and the business world. Episodes are recorded at the Wharton School and published twice per week.

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