The Federal Reserve Bank of Philadelphia has started its search for President Patrick Harker's successor, according to a Reuters report. Philadelphia Fed CEO and President Patrick Harker plans to retire from his position next June.

Brad Smith reports on the details.

Catch Jennifer Schonberger's full interview with Philly Fed President Patrick Harker from the Jackson Hole Economic Symposium in August.

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This post was written by Luke Carberry Mogan.