Navigating a Smooth Descent: Mastering the Art of Soft Landings

Patrick T. Harker, President and CEO of the Federal Reserve Bank of Philadelphia, gave a speech discussing the current state of the economy and his outlook for the future. Harker mentioned that he expects a modest slowdown in economic activity and a slow but sure disinflation. He believes that the economy is on the flight path to a soft landing. Harker also highlighted the Anchor Economy Initiative, which examines the economic impacts of hospitals and institutions of higher education, and the Worker Voices Project, which focuses on understanding workers' priorities and needs in the post-pandemic job market.