"The insights provided by our role in supervising a range of banks, including community banks, significantly increases our effectiveness in making monetary policy and fostering financial stability."
The FOMC will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.
Texas Economy Shakes Off Rough Ride in 2009—Texas has been hit much harder by the most recent recession than previous ones, but the latest economic data and anecdotal evidence suggest the worst of the state's economic woes may be over.
Texas' Latino Pay Gaps: Taking a Closer Look—Most of the Texas Latino wage gap can be explained by characteristics such as education, immigrant status and occupational choice.
On the Record: Why Hispanic Education Deficits Persist—Economist Richard Fry, senior research associate at the Pew Hispanic Center, says Hispanics are a young enough and large enough population to make a big impact on the U.S. labor force.
The newly revised data on Houston employment paint a picture of local recession that is little changed from the original estimates. Metro job growth peaked in mid-2009 and has fallen by just over 3 percent—or nearly 90,000 jobs—since mid-2008. However, oil services and manufacturing, which provide many of Houston's best-paid jobs, declined considerably further than the original estimates.
Texas employment expanded slightly in January, and export growth continued in the fourth quarter of 2009. The energy sector continues to improve as prices pick up. Texas house prices edged up in the fourth quarter of 2009, and housing starts rose nearly 9 percent in January. Texas factory activity expanded further in February.
As part of its recognition of the first decade of the euro, the European Commission has joined with the Federal Reserve Bank of Dallas to invite economists and scholars from the United States and Europe to discuss some of the results of this monumental change in the global economy.
The ESP Conference is a one-day undergraduate economics research conference. The event provides students the opportunity to share and gain feedback on their original research. It not only provides a forum for students already doing research but also aims to inspire others to create and pursue their own research agenda.
At this conference, leading scholars will present their studies of consumers' sometimes irrational behavior when making financial decisions, with particular focus on low- to moderate- income consumers.
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