This city represents America right now, says Fed President

The City of Brotherly Love is a "microcosm" of what's happening across the country, according to Philadelphia Federal Reserve Bank President Patrick Harker.

"If you ask employers, one of their biggest needs is workers – they need workers – skilled and unskilled," he told FOX Business & Maria Bartiromo Friday. "And the good news, right now, is that we bring more people from the sidelines. But it's not always an easy thing to do. Sometimes people don't live in the right place or they don't have a car to get to work. "


However, the Federal Reserve Bank's economic growth and mobility project is working to solve these problems, he said.

"Through our community development activities, we work with communities to solve their problems, help them solve their problems and then unpack it as a toolkit that other communities around the country can use, "he said.

CLICK HERE to view the entire interview with PATRICK HARKER

Harker also said that Philadelphia is struggling with its own financial problems. [1[ads1]9659002] "Phil Adel phia is on the rise, "Harker said. “It happens a lot, but we still have challenges. There are… still deep areas of poverty. We need to help these people get into the game, get into the workplace. ”

Philadelphia is Pennsylvania's largest city with a population of 1.58 million, according to recent census data. While the number of residents living in poverty in Philadelphia dropped to 24.5 percent in 2018, the median household income increased to $ 46,116.

Beautiful Philadelphia skyline at night in the United States

CLICK HERE to view the full interview with PATRICK HARKER [19659002] And it is not only Philadelphia that is experiencing difficulties. California is also facing a homeless crisis.

The homeless crisis is growing in Los Angeles, San Diego, Sacramento and San Francisco, despite the state spending billions of dollars in cleanup efforts. Los Angeles County homelessness has risen by 12 percent over the past year, and the area has the nation's largest outdoor homeless population.

LOS ANGELES, CALIFORNIA – SEPTEMBER 23: A man stands in front of a homeless shelter, with Hollywood sign in the background, September 23, 2019 in Los Angeles, California. A new plan under way in the city would prevent people from experiencing (Getty)

However, when Bartiromo asked Harker "have our cities started to take a step down?" He said, "I think you have to see the city by city. It's not a size that fits everyone."


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