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Journal Article
Monetary policy and the new normal
Is the economy in for a prolonged spell of slow growth, as some believe, or a burst of innovation and productivity? In either event, policymakers must pay close attention to productivity trends.
Journal Article
The Coronavirus and the Economy
Speech
The new normal for the U.S. economy
President Patrick T. Harker gives opening remarks at the Bank?s 2015 Policy Forum: The New Normal for the U.S. Economy. He highlights how technology/innovation, social issues, and monetary policy all have important implications for policy over the long term. He also shares his own policy perspectives.
Journal Article
Tracking U.S. GDP in Real Time
Measuring the current state of the U.S. economy in real time is an important but challenging task for monetary policymakers. The most comprehensive measure of the state of the economy?real gross domestic product?is available at a relatively low frequency (quarterly) and with a significant delay (one month). To obtain more timely assessments of the state of the economy, the Federal Reserve Bank of Kansas City has developed a GDP tracking model that combines new econometric methods with two conventional approaches to estimating GDP. {{p}} Taeyoung Doh and Jaeheung Bae review the Kansas City Fed ...
Speech
Unprecedented Times in our Economy
Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Fond du Lac Area Association of Commerce Fond du Lac, WI
Speech
Discussion on the Current Economy
Remarks by Charles L. Evans, President and Chief Executive, Officer, Federal Reserve Bank of Chicago Economic Club of Indiana Indianapolis, Ind.
Speech
Perspectives on the U.S. economy and monetary policy
Monetary Policy and Banks and the Rise of Global Protectionism; Global Interdependence Center; Banque de France; Paris, France President Charles Plosser offers his views on growth, unemployment, and inflation expectations. He also discusses why the Fed faces a communications challenge with the economy so close to the unemployment threshold of 6.5 percent. He gave similar remarks on March 6 in London.
Speech
Transitions: The Economy, Monetary Policy, and Policy Communications; 02.19.19, Lyons Companies and the Center for Economic Education and Entrepreneurship, Alfred Lerner College of Business and Economics, University of Delaware, Newark, DE
If I had to choose a banner headline, I would characterize 2019 as a year of transitions, for the economy, for monetary policy, and for how we communicate about policy. I would like to spend my time this morning on some of the factors affecting these transitions. The views I?ll present today are my own and not necessarily those of the Federal Reserve System or my colleagues on the Federal Open Market Committee.
Journal Article
Introducing the Philadelphia Fed nonmanufacturing survey
To assess the health of the economy, it sometimes helps to look beyond the numbers and listen directly to business managers. That is why the Federal Reserve Bank of Philadelphia and a handful of other regional Reserve Banks and private firms such as the Institute for Supply Management conduct a variety of monthly surveys of business activity. Such qualitative surveys offer the advantage of providing timelier insight into economic activity prior to the official monthly employment and quarterly gross domestic product data releases as well as insight into regional and local trends. And now ...