Involuntary part-time employment—the share of people who work less than 35 hours per week but want and are available to work full-time—has increased since 2023. While this contrasts with steady ...

In the wide-ranging conversation, President Daly discussed the major factors shaping the U.S. economy, how the Federal ...

Financial markets repriced assets across a wide range of sectors following the U.S. trade policy announcement on April 2, 2025. Analysis suggests that market participants interpreted tariffs to have ...

State-level unemployment claims can provide a real-time measure of national labor market conditions and the overall state of the economy. A rapid and widespread buildup of stress in state labor ...

After a prolonged decline, U.S. inflation-adjusted interest rates have increased somewhat since the pandemic—possibly implying a higher new normal. As central banks attempt to tame the post-pandemic ...

Good morning. It is a pleasure to be here in Phoenix and an honor to be speaking to so many community bankers. I should also say, welcome to the Twelfth Federal Reserve District. We are delighted to ...

The housing market experienced historically low levels of inventory along with rapid price growth in the two years following the onset of the pandemic. Analysis of national and county-level housing ...

Good morning. It’s an honor to be part of this esteemed panel celebrating Ben Bernanke’s contributions to economics. I will discuss Ben’s time as Chair of the Federal Reserve.1 Let me begin by taking ...

Shelter costs are one of the largest expenses for most households and an important component of overall inflation. It is therefore important to understand why shelter costs have remained stubbornly ...

Wildfires have been a concern in California for decades. The intensity of these events has increased recently, with particularly large and destructive fire seasons between 2018 and 2021. Analysis ...

Households accumulated more liquid assets beginning in 2020 than would have been expected without the pandemic. These “extra” liquid assets have dissipated, but their evolution has differed ...