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We are one of 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. As the central bank of the nation, we work to ensure the strength and integrity of the U.S. economy and financial system.
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Economic Outlook: Growth Despite Constraints
The Prosperity Caucus, Washington, D.C. | Virtual Event
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Fed President Patrick Harker Says It Will “Soon” Be Time to Taper Asset Purchases
14 Oct ’21
Philadelphia Fed President Patrick Harker told a virtual audience at the Prosperity Caucus in Washington, D.C., that the asset purchases once necessary during the acute phase of the COVID-19 pandemic are no longer effective as a tool for supporting the economy.