{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Patrick Harker on Real-Time Payments and the Future of the Federal Reserve","description":" Patrick Harker is the Rowan Distinguished Professor, Professor of Operations, Information and Decisions at the Wharton School of the University of Pennsylvania, and the former president of the Philadelphia Federal Reserve Bank. He joins the program to discuss his time at the Fed, the FOMC, Amish banking, his amazing academic career, and much more.  Watch&amp;nbsp;the&amp;nbsp;full length video on our new YouTube Channel! Check out the&amp;nbsp;transcript for this week\u2019s episode, now with links.   Recorded on September 10th, 2026 Subscribe to David's Substack:&amp;nbsp;Macroeconomic Policy Nexus Follow David Beckworth on X:&amp;nbsp;@DavidBeckworth Follow the show on X:&amp;nbsp;@Macro_Musings Check out our Macro Musings merch!  Timestamps 00:00:00 - Intro 00:04:33 - Patrick's Career 00:21:32 - Amish Banking 00:28:29 - FedNow and Payments 00:34:59 - Crypto Assets, Tokenized Deposits, and Stablecoins 00:40:44 - Consolidation at the Fed 00:40:44 - Federal Open Market Committee 00:40:44 - Federal Reserve Balance Sheet 00:40:44 - Inflation and the Fed\u2019s Mandates 00:40:44 - Pat\u2019s Substack and Thoughts on AI 00:56:07 - Outro ","author_name":"Macro Musings with David Beckworth","author_url":"https:\/\/macroeconomicpolicynexus.substack.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/43428629\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/208007404"}