Philadelphia Fed: Some employers want a particular set of skills instead of a college degree
Mar 3, 2022

Philadelphia Fed: Some employers want a particular set of skills instead of a college degree

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Employers lowered the educational requirements for certain jobs during the pandemic, according to a new report from the Federal Reserve Bank of Philadelphia — potentially signaling new opportunities for workers without a bachelor’s degree. We spoke to Patrick Harker, the Philadelphia Fed's president, about what the research can tell us about the economy. He also talked about whether Russia’s invasion of Ukraine and the resulting economic fallout could alter the Fed’s approach about raising interest rates in March. The war in Ukraine has led to high wheat prices, which impact certain parts of the world more than others. Fed chair Jerome Powell testifies today.

Segments From this episode

Philadelphia Fed president discusses "skills-based hiring" and March's rate hike

Mar 3, 2022
"I could be supportive of a 50 basis point rise in the future — but not at this meeting," said Patrick Harker.
"I could be supportive of a 50 basis point rise in the future — but not at this meeting," said Patrick Harker.

The team

Victoria Craig Host, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Jay Siebold Technical Director
Jesson Duller Media Producer
Erika Soderstrom Producer/Director
Rose Conlon Producer
Alex Schroeder Producer
Redmond Carolipio Digital Producer