Global Perspectives: William Dudley on the Financial Crisis, the New York Fed and Misconceptions about the Fed
Dudley and Dallas Fed President Robert S. Kaplan discussed Dudley’s role during the financial crisis, his leadership of the New York Fed and popular misconceptions about the Fed.
Ability to Repay a Mortgage: Assessing the Relationship Between Default, Debt-to-Income
The Consumer Financial Protection Bureau has announced that it intends to change the definition of a “qualified mortgage.” Specifically, the CFPB proposes to reconsider the use of a borrower's debt-to-income ratio as a measure of the ability to repay a loan.
Dallas Fed Energy Survey Results Point to Bleak Outlook for Oil Industry
The price of West Texas Intermediate (WTI) crude oil has plunged more than 50 percent since the start of the year as the coronavirus (COVID-19) pandemic has taken hold and a dispute between energy giants Saudi Arabia and Russia threatens to flood the market with crude oil.
Texas Economic Activity Suddenly Contracts in March; Outlook Worsens Due to COVID-19
The economic downturn in Texas has begun, recent data suggest.
How the Saudi Decision to Launch a Price War Is Reshaping the Global Oil Market
In the second week of March, the already fragile global oil market was rocked by Saudi Arabia’s announcement that it would expand oil production to unprecedented levels, signaling an end to its price cooperation with Russia.
Working from Home During a Pandemic: It’s Not for Everyone
Because working remotely can offset the negative effects of shelter-in-place and social distancing policies on employment and earnings, knowing how many workers can do so is crucial to understanding the impact of such measures on our workforce.
Without Immigration, U.S. Economy Will Struggle to Grow
Slowing labor force growth is the product of a number of factors—the aging of the U.S. population, retiring baby boomers and declining birth rates. But another element is immigration.
Emerging-Market Economies Face COVID-19 and a 'Sudden Stop' in Capital Flows
A rise in global risk at a time of investor risk aversion led to a rapid flight from emerging-market assets.
Monetary Policy in Time of Pandemic
Some monetary policy strategies have greater potential than others to mitigate pandemic-related financial strains.
Global Perspectives: Tom Hoenig on the Costs of COVID-19, Modern Monetary Theory and Fed Leadership
Hoenig and Dallas Fed President Rob Kaplan discussed Hoenig’s views on the costs of the current crisis, potential solutions and the elements of effective leadership at the Fed.