Knowledge at Wharton
Knowledge at Wharton
The Wharton School
This Week in Business: Federal Reserve Leadership Transition Amid Economic and Political Pressures
10 minutes Posted May 29, 2026 at 8:00 am.
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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.

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