Essay by President Robert S. Kaplan

Economic Conditions and the Path of Monetary Policy

September 29, 2020

President Kaplan discusses various economic issues, briefly explains the Fed’s new policy framework and discusses his views regarding the appropriate stance of monetary policy.

Texas Economy

Texas Service Sector Growth Rebounds in September

September 29, 2020

Activity in the Texas service sector grew at its fastest pace since February, according to business executives responding to the Texas Service Sector Outlook Survey.

COVID-19’s Fiscal Ills: Busted Texas Budgets, Critical Local Choices

September 21, 2020

COVID-19 and related economic shutdowns have raised concerns that state and local government revenues will fall short of expectations just as demand for services soars.

Highly Indebted FHA Borrowers at Special Risk as COVID-19 Forbearance Ends

September 29, 2020

The situation appears most urgent for those borrowers who entered the crisis with a high debt load and little room to financially navigate without forbearance.

Our President

Robert S. Kaplan

Our People

Our Commitment to Inclusion

We affirm that Black Lives Matter.

Recent Additions

Economic Indicators

Houston Economic Indicators

Indexes of economic activity for Houston continued to show growth over the second half of the summer thanks to a boost from the services sector. However, data suggest that while Houston’s recovery is likely to continue, it will continue to lag the state.

U.S. Economy

Weekly Economic Index

The WEI is currently -4.72 percent, scaled to four-quarter GDP growth, for the week ended September 26 and -3.84 percent for September 19.

Essay

Economic Conditions and the Path of Monetary Policy

President Kaplan discusses various economic issues, briefly explains the Fed’s new policy framework and discusses his views regarding the appropriate stance of monetary policy.

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Events

09/30/20
Global Perspectives with James B. Milliken
Live webcast
10/06/20
Global Perspectives with Governor Alejandro Díaz de León Carrillo
Live webcast
10/22/20
Global Perspectives with John B. Taylor
Live webcast

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In Focus

High-Frequency Data

High-frequency indicators provide timely measures of key activity, drawing on alternative data sources to identify rapidly changing trends such as those seen during the COVID-19 pandemic.

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COVID-19 Update

At the Dallas Fed, we're working to support the financial health of the people and businesses in the Eleventh District as we deal with this unprecedented crisis.

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Global Perspectives

This speaker series connects global thought leaders and community members for conversation around economic issues. (Via live webcast.)

Richard W. Fisher
September 21
James B. Milliken
September 30
Governor Alejandro Díaz de León Carrillo
October 6

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Rob Kaplan in the News

Dallas Fed Energy Survey

Activity in the oil and gas sector deteriorated further in second quarter 2020. Special questions focus on production shut-ins and curtailments, government assistance programs to the private sector, the outlook for both oilfield activity and global oil consumption, and the ability of firms to remain solvent over the next year.

Southwest Economy, Third Quarter 2020

This issue looks at COVID-19's impact on state and local government revenues and the Texas economy's uneven recovery. It also includes a Spotlight on the energy industry's slow recovery, a Q&A with Gary Hoover, University of Oklahoma economics department chairman, and an infographic on how vehicle sales highlight surprising spending resilience during the pandemic.

Main Street Lending Program

Business loans to help eligible medium-sized and small companies through the COVID-19 pandemic are available now through the Federal Reserve’s Main Street Lending Program.

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Advance Together, Inclusive Economy Accelerator

Advance Together™ accelerates the progress of community partnerships in Texas that are addressing education and workforce challenges.

Dallas Fed Economics

Economic analysis and insights from the Federal Reserve Bank of Dallas.

Energy Research

The Dallas Fed is a premier source for information on energy economics.

Resources

Dallas Fed Communities

Promoting the economic resilience and mobility of underserved communities.

About the Dallas Fed

The Dallas Fed promotes a strong financial system and healthy economy for everyone in the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico. We’re building a strong economy together.

The Eleventh District