Patrick Harker, Wharton professor of operations, information, and decisions, and former president of the Philadelphia Federal Reserve Bank, reflects on Jerome Powell’s tenure leading the Federal Reserve through the pandemic, inflation concerns, and political pressure, while also examining what Kevin Warsh’s leadership could mean for monetary policy, Fed independence, and the U.S. economy moving forward.
This Week in Business
Federal Reserve Leadership Transition Amid Economic and Political Pressures
Former Federal Reserve Bank president discusses Jerome Powell’s leadership during crises, the importance of Fed independence, and what to expect from the incoming chair.
May 27, 2026
• 11 min listen
Listen to the podcast.
Subscribe wherever you listen to your podcasts.
Comments
New This Week
America at 250: Innovations That Transformed Business
As the United States marks its 250th anniversary, Wharton faculty explore the American business innovations that transformed industries, reshaped markets, and changed the way the world works.
How Basic Persuasion Can Bypass AI Safeguards
New Wharton research suggests AI models may be vulnerable to many of the same persuasion tactics that influence people.
Podcast
Alan Greenspan’s Legacy and the Evolution of Monetary Policy
Jeremy Siegel examines Alan Greenspan’s legacy, the Federal Reserve’s evolving approach under new leadership, and the outlook for interest rates.
