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FED: Philly Fed Begins Search for Harker's Replacement

FED
USGlobalEM BulletCentral Bank NewsFederal ReserveEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America
  • Philadelphia Fed notify markets that they formally begin the search for a new Fed President from June of next year.
  • That Philly Fed headline little more than a formality - we already knew Harker was set to retire from his position in June of next year. Incoming Philly Fed President will take over from a pretty neutral voice on the FOMC, but won't rotate into a voting position until 2026.
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  • Philadelphia Fed notify markets that they formally begin the search for a new Fed President from June of next year.
  • That Philly Fed headline little more than a formality - we already knew Harker was set to retire from his position in June of next year. Incoming Philly Fed President will take over from a pretty neutral voice on the FOMC, but won't rotate into a voting position until 2026.