Fed's Harker Doesn't See Inflation Running Out of Control

The transcript discusses various economic topics, including inflation, price pressures, and the impact of COVID-19 on spending and economic volatility. It highlights the challenges in employment, particularly in certain sectors, and the initiatives by the Philadelphia Fed to help people switch careers. The discussion also covers interest rates, economic optimism, and the Fed's inflation framework, with a focus on wage pressures and the potential risks of keeping rates too low for too long.

What role does the Philadelphia Fed play in helping people switch careers?

How are wage pressures affecting the labor market according to the text?

What concerns are raised about keeping interest rates too low for too long?