Patrick Harker “Fintech, AI and the Fed” MEETING DATE: Thursday, March 27, 2025 6:45PM - 8:45PM (Zoom meeting room opens at 6:45 PM; Meeting starts at 7 PM) via Zoom virtual meeting.

Description

Dr. Patrick Harker is the President and CEO of the Federal Reserve Bank of Philadelphia. He gave this presentation at Carnegie Mellon University in December 2024. In this talk Dr. Harker addresses the use of Artifical Intelligence (AI) in the field of Financial Technology, which is critical to the workings of the Federal Reserve, which sets major financial policy for the United States, and thus the world. He talks about how the use of AI in analyzing vast amounts of data supports the Fed in making fair and critical policy decisions.

Patrick Harker’s Background

Dr. Patrick Harker has a PhD in Civil and Urban Engineering and Master’s degrees in Economics and Engineering. He has been a Presidential Young Investigator, a White House Fellow, and a Special Assistant to the Director of the Federal Bureau of Investigation. Harker served as chair of Wharton’s Operations and Information Management Department. In February 2000, he was appointed dean of the University of Pennsylvania Wharton School and Reliance Professor of Management and Private Enterprise. He was President of the University of Delaware in 2007 and resigned in 2015. In 2012, Dr. Harker was named a charter fellow of the National Academy of Inventors. Dr. Harker was a Class B director of the Federal Reserve Bank of Philadelphia until he was appointed as the Bank’s President and a member of the Homeland Security Academic Advisory Council. On March 2, 2015, Harker was named the 11th president and chief executive officer of the Federal Reserve Bank of Philadelphia. During his career, Dr. Harker has published several books and more than 100 articles, chapters and reports.

The video of Patrick Harker’s presentation is available on the internet at https://vimeo.com/1029387419