The Outlook for the Economy and Federal Reserve Policy
I have the pleasure of serving on the council’s board so I have seen firsthand the important work the council is doing to increase economic and financial literacy in the country. As the council’s mission statement explains, equipping students with this knowledge can help them make better decisions for themselves, their families, and their communities. It is noteworthy that despite the burdens of the pandemic, the council has found creative ways to carry on its mission, including its support of teachers, the National Economics Challenge, and this speakers’ series. Today, before we open ...
Reading the Recovery
Remarks at Council on Foreign Relations (delivered via videoconference).
The Economic Outlook: Getting Back to "More Like Normal"
Remarks at One Hundred Black Men of New York (delivered via videoconference).
Regional Spotlight: Surveying the South Jersey Economy
After 25 years and two recessions, how well has our South Jersey Business Survey tracked the local economy?
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 ...
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.
Student Debt Affects Us All
Speaking to students at Saint Joseph's University, Philadelphia Fed President Patrick Harker discussed how rising student debt levels are affecting not just individual borrowers but the wider economy, including areas fundamental to future growth
Remarks at Racism and the Economy: Focus on Health (delivered via prerecorded video).
Remarks at New Jersey City University (delivered via videoconference).
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).