Patrick T. Harker, former president of the Federal Reserve Bank of Philadelphia and current Wharton professor of operations, information, and decisions, draws on his experience to discuss why monetary policy has clear limits, the need for political follow-through on fiscal and workforce issues, and how investments in education, skilled trades, and digital innovation are essential for securing the nation’s long-term economic future.
This Week in Business
Why Interest Rates Can’t Fix Deeper Economic Problems
Former Federal Reserve president explains why monetary policy alone cannot solve structural economic challenges facing the United States.
January 28, 2026
• 11 min listen
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