Philadelphia Fed says its now looking for Harker successor

NEW YORK (Reuters) – The Federal Reserve Bank of Philadelphia said Wednesday it is launching a search to replace its current leader Patrick Harker, who will retire next June.

“We will run an open and inclusive nationwide search including broad input” from the Philadelphia Fed district, said Anthony Ibargüen, CEO of Quench USA, Inc., and chair of the Philadelphia Fed board of directors, in a press release. “Our goal is to find a new leader who will carry on President Harker’s service to our communities and commitment to promoting a strong U.S. economy.”