Search Results
Central Bankers Need to Take Note of Transition to Clean Energy
The path from traditional energy sources to alternative sources with lower greenhouse gas emissions—including renewable energy, and carbon capture and storage—is long and paved with abundant uncertainty.
Texas modestly grows with soft landing likely
Texas firms reported below-average output growth to start 2023, while employment and wage gains remained elevated despite indications of a softening labor market.
Speech
This Time Is Different…Because We Are
Presentation to the Los Angeles World Affairs Council & Town Hall, Los Angeles, CA, February 23, 2022, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco.
Journal Article
Podcast: Lagging productivity gains restrain Mexico’s economic prospects
Investment, a large labor pool and proximity to the United States have helped propel Mexico’s economic fortunes. Dallas Fed economists Sewon Hur and Pia Orrenius discuss how improving productivity could propel Mexico beyond the ranks of middle-income nations.
Speech
Brief Remarks About the U.S. Economy and Monetary Policy
It is a real pleasure to speak with the European Economics and Financial Centre once again. I especially look forward to taking your questions because I learn a lot from hearing what is on your mind. Let me help frame our discussion by giving some brief remarks about the U.S. economy and monetary policy. The economy and monetary policy have been on quite a journey since I last spoke to you two years ago. Today, I would say that both the economy and monetary policy are in a good place. Inflation is still above our goal of 2 percent, but it has moved down a lot from its peak in 2022, when ...
Speech
Perspectives on the Economy and Financial Landscape
Federal Reserve Bank of Boston President & CEO Susan M. Collins shared perspectives on the economy and monetary policy, regional banking conditions, and payments innovation during the Boston Fed’s 24th Annual Regional & Community Bankers Conference. She also participated in a Q&A discussion following her remarks.
Journal Article
Do Local Economic Conditions Influence FOMC Votes?
Monetary policy in the United States is determined by the Federal Open Market Committee (FOMC), a decisionmaking body that includes regional representation. Evidence shows that the economic conditions in their respective regions have influenced how presidents of the 12 regional Federal Reserve Districts voted at the FOMC meetings in past decades. Specifically, a 1 percentage point higher unemployment rate in a District relative to the national average is associated with a 9 percentage point higher probability of dissenting in favor of looser policy during the FOMC vote.
Speech
Weighing the risks to the economic outlook: remarks at The Leo J. Meehan School of Business, Stonehill College, Easton, Massachusetts, September 3, 2019
It was an eventful August in the financial markets amid talk of additional tariffs and tax cuts, the falling 10-year Treasury rate, and volatility in stock prices. But the economic data and forecasts indicate a relatively good domestic economy.
Newsletter
What Is the Impact of a Low Interest Rate Environment on Bank Profitability?
The economic conditions and low interest rate environment of recent years have been challenging for banks that rely on a wide spread between long- and short-maturity yields to generate earnings. The authors? analysis indicates that a low interest rate environment is associated with decreased profitability for banks, particularly for small institutions. However, the estimated negative effects on bank profits are economically small and are outweighed by the likely positive effects on profits of low interest rates boosting economic activity.
Speech
The Economic Outlook and the Role of Credit Intermediation
Remarks by Charles L. Evans, President and Chief Executive Officer,Federal Reserve Bank of Chicago Chartered Financial Analysts Society of Chicago Lunch Mid-America Club 200 East Randolph Street Chicago, Illinois