Philadelphia Fed President Patrick Harker said in a speech on Wednesday that it is hard for young people in the U.S. to find a job.

"We recognize that while much of the economy has rebounded in recent years, significant barriers still exist for young people in the job market," he said.

"In order to meet the needs of our young people and to secure our long-term economic future, we need to make real investments in their training and employment today," Harker added.

He said nothing about the U.S. economy and the Fed's monetary policy.