Patrick Harker appointed next Philadelphia Fed president, CEO

Home > News & Press > Patrick Harker, President & CEO of the Federal Reserve Bank of Philadelphia, to give keynote address at 37th Annual Monetary and trade conference. patrick Harker, President & CEO of the Federal Reserve Bank of Philadelphia, to give keynote address at 37th Annual Monetary and Trade Conference.

Patrick T. Harker became the 26th president of the University of Delaware in July 2007. Concurrent with his appointment as president, Dr. Harker is a professor of Business Administration in the Alfred Lerner College of Business and Economics and a professor of Civil and Environmental Engineering in UD’s College of Engineering.

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Patrick T. Harker took office on July 1, 2015, as the 11th president and chief executive officer of the Federal Reserve Bank of Philadelphia. In this role, Harker participates on the federal open market committee, which formulates the nation’s monetary policy. Before taking office at the Philadelphia Fed, Harker was the 26th president of the University of Delaware.

Patrick Harker to leave UD to become president, CEO of Philadelphia Fed. 12:23 p.m., March 2, 2015–University of Delaware President Patrick T. Harker announced today that he will step down as president to become president and chief executive officer of the Federal Reserve Bank of Philadelphia. His new appointment is effective July 1.

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Background. Dr. Patrick T. Harker, also known as Pat, Ph.D. has been the Chief Executive Officer and President of Federal Reserve Bank of Philadelphia, Inc. since July 1, 2015. Harker is a Professor of Business Administration in the Alfred Lerner College of Business and Economics and a Professor of Civil and Environmental Engineering in University.

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Patrick Harker, president of the Federal Reserve Bank of Philadelphia. Saquan Stimpson / AP Patrick Harker , president of the Philadelphia Federal Reserve Bank , on Thursday gave a cautiously optimistic outlook for the U.S. economy, saying he expects one interest rate hike of 0.25 percent in 2019 and another in 2020.

PHILADELPHIA – While the glut of regulation and other changes have spurred bank consolidation over the past decade, particularly among smaller banks, an overlooked problem remains attracting and retaining young people in the industry, according to Patrick Harker, the president of the Federal Reserve Bank of Philadelphia.