U.S. Economy

Trimmed Mean PCE Inflation Rate

November 25, 2020

The Trimmed Mean PCE inflation rate over the 12 months ending in September was 1.9 percent. According to the BEA, the overall PCE inflation rate was 1.4 percent on a 12-month basis, and the inflation rate for PCE excluding food and energy was 1.5 percent on a 12-month basis.

Global Perspectives: John B. Taylor on the Taylor Rule, Accommodative Policy, Low Interest Rates and Expanded Central Bank Mandates

November 24, 2020

Taylor and Dallas Fed President Robert S. Kaplan discussed the origins of the Taylor Rule, the dangers of holding monetary policy too accommodative for too long, the distributional effects of low interest rates and expanded central bank mandates.

Texas Economy

Texas Employment Forecast

November 20, 2020

Texas employment grew 10.6 percent annualized in October after increasing a revised 4.7 percent in September. Incorporating early benchmark revisions to second-quarter data, jobs are down 6.5 percent since December 2019.

Interviews

Bloomberg: Fed’s Kaplan on Negative Growth, Emergency Programs, Workforce

November 19, 2020

Federal Reserve Bank of Dallas President Robert Kaplan discusses his economic concerns as the coronavirus pandemic surges across the United States and steps to help Americans get back into the workforce. He speaks with Bloomberg's David Westin on “Balance of Power.”