The Philadelphia branch of the Federal Reserve on Monday named Patrick Harker, head of the University of Delaware, as its president and newest U.S. monetary policymaker.
Harker, 56, begins July 1 and succeeds Charles Plosser, who retired on Sunday. A relatively unknown name on the national economic scene, Harker currently sits as a director on the Philadelphia Fed's board.
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(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)