Search Results
Showing results 1 to 10 of approximately 22.
(refine search)
How PPP Loans Eluded Small Businesses of Color
Using national- and state-representative data from small business owners from the Federal Reserve System’s Small Business Credit Survey, we found that small business owners of color were in greater need of financial support than their white-owned counterparts, but they successfully accessed the PPP less frequently.
COVID-19 and CRA: Fed Issues Guidance on Helping Communities Through the Crisis
To help support economic resiliency, we are providing Community Reinvestment Act (CRA) consideration for banking and lending activities in response to COVID-19.
Communities, Service Providers in Region See Long Road to COVID-19 Recovery, Fed Survey Shows
Nearly all respondents reported "significant" disruption to economic conditions in their communities, and over two-thirds anticipate a "difficult" economic recovery.
Working Paper
Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges
This paper reviews literature on the empirical relationship between vulnerabilities in the financial system and the macroeconomy, and how monetary policy affects that connection. Financial vulnerabilities build up over time, with both risk appetite and risk taking rising during economic expansions. To some extent, financial crises are predictable and have severe real economic consequences when they occur. Empirically it is difficult to link monetary policy to financial vulnerabilities, in part because financial cycles have long durations, making it difficult to separate effects of changes in ...
Speech
Financial Stability Framework; Panel Remarks for the International Banking, Economics, and Finance Association and American Economic Association Session, \"Integrating Financial Stability with Monetary Policy\", Allied Social Science Associations Annual Meeting, 01-06-2018; Philadelphia, PA
I will discuss four topics: the relationship between financial stability and monetary policy, the Federal Reserve?s current framework for assessing and monitoring financial stability risks, an exercise aimed to assess possible policy responses to such risk, and some of the governance issues we face in addressing these risks.
Lowest-Income Workers See Accelerated Earnings Growth During Pandemic
In many respects, the pandemic has disproportionately harmed low-income workers. Earnings growth, triggered by labor shortages and high turnover rates, could be a rare exception.
Greater Hispanic Outreach Can Improve Take-Up of Earned Income Tax Credit
Despite the Earned Income Tax Credit’s many benefits, a large percentage of qualified workers do not claim it.
Women-Veteran Entrepreneurs Face Hardships Made Worse by Pandemic
Businesses that were already vulnerable before the COVID-19 pandemic have become even more so during the ensuing recession the last few months. These businesses tend to be smaller and younger and are disproportionately owned by Hispanic and especially Black entrepreneurs.
Hard-Hit Child Care Industry May Need Multisector Response to Revive and Thrive
Millions of U.S. workers have lost their jobs during the pandemic. When they are ready to return to work, their child care options may be few.
Working Paper
The Importance of Technology in Banking during a Crisis
What are the implications of information technology (IT) in banking for financial stability? Data on US banks' IT equipment and the background of their executives reveals that higher pre-crisis IT adoption led to fewer non-performing loans and more lending during the global financial crisis. Empirical evidence indicates a direct role of IT adoption in strengthening bank resilience; this includes instrumental variable estimates exploiting the historical location of technical schools. Loan-level analysis shows that high-IT banks originated mortgages with better performance, indicating better ...