Philadelphia Fed names Patrick Harker president

Patrick Harker, Philadelphia Fed

The Federal Reserve Bank of Philadelphia today announced Patrick Harker will succeed Charles Plosser as president and chief executive of the institution.

Harker, currently president of the University of Delaware, will take over as the 11th head of the Philadelphia Fed on July 1.  Plosser stepped down yesterday after more than eight years in the job.

"We were fortunate to have an exceptional and wonderfully diverse slate of candidates and are delighted that Pat Harker emerged as the best person t

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