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Texas economic activity, job growth weaken as 2023 closes
Texas economic growth slowed in the fourth quarter, with job growth falling sharply in October and business activity contracting slightly in November.
Speech
The Federal Reserve’s Pandemic Response
Remarks at Union of Arab Banks Webinar: Global Banking in Light of COVID-19 and Geopolitical Development (delivered via videoconference).
Speech
Opening Remarks for 'Energy and the Economy: The New Energy Landscape' Conference
Dallas Fed President Lorie Logan delivered this address to open the conference hosted by the Federal Reserve Banks of Dallas and Kansas City in Houston.
Speech
An Update on the Economy and the Federal Reserve’s Policy Response; 05.12.20 Loretta J. Mester: POWER Series, CFA Society Chicago, Chicago, IL (via videoconference)
The coronavirus pandemic is a global public health crisis that has inflicted pain and hardship on people all over the world. In the interests of public health, the country has taken aggressive social distancing measures to limit the spread of the virus, resulting in a shutdown of much of the economy. While the shutdown has yielded public health benefits, its effects on the economy have been swift and severe. Unprecedented times require unprecedented actions. Both the federal government and the Federal Reserve took action quickly. These relief efforts can be viewed as building a bridge to get ...
Speech
Economic Outlook
Fed President Patrick T. Harker said he expects the U.S. economy to grow around 2 percent in 2020, indicating no change from his outlook of recent months. Speaking at the 2020 Economic Leadership Forum hosted by the New Jersey Bankers Association, Harker discussed his view of the labor markets and inflation as well as recent developments in the Fed’s balance sheet normalization process and efforts to modernize the Community Reinvestment Act.
Speech
A Solution to Every Puzzle
Remarks at the 2020 U.S. Treasury Market Conference (delivered via videoconference).
Speech
The Economic Outlook: Getting Back to "More Like Normal"
Remarks at One Hundred Black Men of New York (delivered via videoconference).
Briefing
Are Markets Becoming Less Competitive?
National markets in many U.S. industries seem to be increasingly dominated by large companies. Some policymakers have argued that this growing market concentration is a sign of weakening competition, but concentration by itself does not necessarily translate into market power. It may be too soon to reach a decisive conclusion about whether market power, not simply market concentration, is on the rise.
Speech
The Prosperity Forum: Economic Mobility Research in Action
The U.S. economy is "doing really well" overall, Philadelphia Federal Reserve Bank president Patrick Harker said on Friday, in a speech that was long on a Fed program aimed at promoting economic mobility and short on broader economic or monetary policy themes. "The reality of the tight labor market means that employers have to start thinking creatively and long term about how they?re going to address the gaps in their workforces," Harker said in remarks prepared for delivery in Philadelphia. The Philadelphia Fed's Economic Growth & Mobility Project, he said, works with local community ...
Speech
Good Day Sunshine
Remarks at Midsize Bank Coalition of America (delivered via videoconference).