Showing results 1 to 10 of approximately 10.(refine search)
What Might Inflation Look Like Next Year?
In our baseline scenario, core inflation is 2.6 percent in 2022. If this occurs, core inflation will have averaged 2.4 percent over the last five years, moderately above the Fed’s 2.0 percent inflation target.
Higher Education: The Importance and Urgency of Reform
Patrick T. Harker, Philadelphia Fed president and CEO, urged federal and state governments — and American society — to recommit to public postsecondary education. He addressed a virtual audience at a symposium on the financial viability of higher education institutions hosted by the Philadelphia Fed.
COVID Transfers Dampening Employment Growth, but Not Necessarily a Bad Thing
Overall employment levels have remained below their pre-pandemic level and are growing only slowly despite rising wages and vacancies. In this Economic Brief, we examine whether historically high government support may have empowered workers to pull back from labor markets. While that support presents a clear benefit to recipients, a simple calculation based on recent estimates indicates that transfers of close to $2 trillion to households approved over the course of 2020 and 2021 implies a reduction of 0.58 percentage points in the employment-to-population ratio.
Labor, Race, and COVID-19
The pandemic altered long-standing racial differences in how workers experience the labor market
Supply-Chain Woes, Labor Shortages and COVID-19 Slow Resilient Texas Economy
Regional economic growth has slowed, though it remains robust by historical standards. While demand has improved from year-ago levels, supply-chain disruptions and labor shortages have limited output growth and pushed up wages and prices.
U.S. Labor Market Slack Created by COVID-19 Pandemic Has Been Absorbed
The weaker-than-expected August labor market report should not obscure the labor market’s ongoing and significant progress while recovering from the COVID-19 pandemic.
Banking Trends Regulatory Changes and Community Banks During COVID
Small banks that received capital relief appear to have been more resilient.
Economic Outlook: Cautious Optimism A Virtual Conversation with Philadelphia Federal Reserve
In remarks to the Philadelphia Chapter of the Risk Management Association, Philadelphia Fed President Patrick Harker shared his insights about the economy and what he sees as the overall impact of the Delta variant, supply chain constraints, unemployment, and the Fed’s asset purchases.
Labor Shortages, Supply Chain Woes Slow Texas Recovery
The Texas economy is on the path to a solid recovery, although the pace of growth has eased since March, recent data suggest.
The Pandemic Mortgage Boom
We learn a lot about the mortgage market by understanding why it defied expectations during the pandemic