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Fed's goals include 'economic opportunity' for all: Harker

  • The Federal Reserve's goals include promoting inclusive "economic opportunity" for Americans of all income levels, says Philadelphia Fed President Patrick Harker.
  • "We want growth that is inclusive and accessible across all income groups and communities," Harker says.
Patrick Harker, president of the Federal Reserve Bank of Philadelphia.
Charles Mostoller | Bloomberg | Getty Images
Patrick Harker, president of the Federal Reserve Bank of Philadelphia.

The Federal Reserve's goals include promoting inclusive "economic opportunity" for Americans of all income levels, Philadelphia Fed President Patrick Harker said on Friday, offering his interpretation of the central bank's mandate for maximum employment, stable prices and long-term moderate interest rates.

"Our mission is really about creating an environment that promotes economic growth that is sustainable in the long term and that provides economic opportunity for everyone, (which) means we want growth that is inclusive and accessible across all income groups and communities," Harker said in prepared remarks to a conference on revitalizing cities.