We serve the public by pursuing a growing economy and stable financial system that work for all of us. Serving the Ninth Federal Reserve District.
Minneapolis Fed
Why do some nations adopt technologies needed to develop while others languish? One literature has focused on distortions that impede adoption. Another highlights coordination problems. In our new Quarterly Review, Francisco Buera works toward a synthesis. https://bit.ly/4wXlWPY
Federal Reserve notes with deep sadness the passing of Alan Greenspan: www.federalreserve.gov/newsevents/p...
Photos of Chairman Greenspan: www.flickr.com/photos/federalreserve/albums/72157638354027213
Regional Economic Conditions: Professional Services
How are businesses in the services sector handling the current economy?
Join Joe Mahon for a webinar discussing the latest results from recent survey done in partnership with MN DEED. Register here: https://bit.ly/4ehNSWh
Thanks to Steve C. for this week's employee photo submission for Views from the Ninth, taken at Beartooth Highway from Rock Creek Vista Point in #Montana.
If not for demand for materials related to AI data centers, U.S. trade deficit would have been 16% smaller last year. In our new Quarterly Review, Mike Waugh (@TradeWarTracker) uses AI to sort 18K+ product codes to track AI-related imports & exports. https://bit.ly/4vm4m6z
Do you participate in the U.S. economy?
@oiginstitute.bsky.social Director Abigail Wozniak invites you to explore For All magazine’s latest issue. The magazine is dedicated to sharing research insights that help achieve an economy that works for all. Full issue: https://bit.ly/32ycmGd
Most Americans receive relatively little nonwage income--the median in 2023 was just $3,000 per adult. But two groups uniquely rely on it: higher-income Americans and older Americans. Our article looks at how nonwage income matters for these households https://bit.ly/4vy6KYY
Minnesota’s child care sector is still in crisis, recent survey results show. Providers, especially those in the Twin Cities, continue to face rising costs, declining enrollment, and new policy-related disruptions. @tuuyentran.bsky.social explains: https://bit.ly/4epIRex
Stock prices seem to have soared out of proportion to earnings & capital investment. Is this a bubble? A puzzle? Possibly neither say @heathcote.bsky.social Fabrizio Perri and Andrew Atkeson. Using macroeconomic instead of financial data, stock values make much more sense. https://bit.ly/4dWXwgJ
WATCH LIVE TODAY: Press conference with #FOMC Chairman Warsh at 2:30 p.m. ET: www.federalreserve.gov
www.youtube.com/federalreserve
The Federal Reserve notes with deep sadness the passing of Alan Greenspan. Chairman Greenspan served as the 13th Chairman of the Board of Governors from 1987 t
