The Econometric Society elects new fellows each year, and 10 fellows are current Federal Reserve System economists. Heathcote ...

State laws give local governments planning and zoning authority. This power allows county and municipal officials to determine what can be built—and where—within their jurisdictions. Planning and ...

A scheme has been circulating on social media encouraging people to use Federal Reserve accounts or routing numbers to pay bills. It is a scam. The Federal Reserve provides banking services only to ...

Average interest rates for operating loans have increased over 400 basis points since the third quarter of 2021. Higher cost of borrowing impacts all agricultural producers who leverage debt to fund ...

Demand for Native CDFIs’ lending exceeds their access to capital Secondary loan market presents challenges for Native CDFIs Some Native CDFIs turn to alternative sources of capital to meet community ...

In making a current decision, how should a policymaker weigh the net benefits of that decision in one possible future against the net benefits of that same decision in another possible future? That’s ...

This inflation calculator uses the consumer price index (CPI), which measures the average change in prices over time using a periodically updated market basket of goods and services. Through 1977, ...

“The data is absolutely clear. Over the past 40 years, the wealthy have gotten wealthier. … Just look at the facts.” — Remarks by President Biden on the ...

In this essay I will briefly discuss potential implications of the recent tariff announcements for the path of monetary policy. 1 Trade policy is not the purview of the Federal Reserve; it is the ...

The term “K-shaped economy” arose after the COVID-19 pandemic to characterize the diverging economic paths of high-income Americans and everyone else. It became ubiquitous in 2025, one of the “biggest ...

Until the COVID-19 pandemic, attempts to measure inflation for different subgroups were rare. Core U.S. inflation (which excludes volatile food and energy prices) had been fluctuating in a narrow ...

This is the third installment of our annual look at what the data say about who is homeless in America. Our 2024 analysis is here and our 2023 analysis is here. Homelessness data in the United States ...