Texas firms open to AI as tariff work-around strategy
Firms are adopting AI and automation to offset rising tariff costs and shrinking margins, aiming to boost productivity and reduce labor needs amid economic challenges.
July 17, 2025
Research Department Working Papers
Why Do Households Save and Work?
This paper develops and estimates a dynamic life-cycle model to quantify why households save and work. The model incorporates multiple sources of risk—health, marital status, wages, medical expenses and mortality—as well as endogenous labor supply and human capital accumulation, retirement, and bequest motives at the death of the first and last household member.
July 15, 2025
Speech by President Lorie K. Logan
Opening remarks for moderated conversation at the World Affairs Council of San Antonio
Dallas Fed President Logan's base case is that monetary policy needs to hold tight for a while longer to bring inflation sustainably back to target, but she believes it's also quite plausible that some combination of softer inflation and a weakening labor market will call for lower rates fairly soon.
July 15, 2025
Declining immigration weighs on GDP growth, with little impact on inflation
In Depth: Unauthorized immigration surged sharply in 2021–24 but has since declined abruptly with negative implications for economic growth.
July 08, 2025
Texas Employment Forecast
The Texas Employment Forecast indicates jobs will increase 2.0 percent in 2025, with an 80 percent confidence band of 1.5 to 2.5 percent.
June 20, 2025
Research Department Working Papers
Local Labor Markets and Selection into the Teaching Profession
Using administrative data from Texas, this paper tracks individuals from high school through college to the workforce to determine the effects of local labor markets on occupational choice.
June 03, 2025
Speech by President Lorie K. Logan
Opening remarks for Fed Listens
Dallas Fed President Lorie Logan spoke ahead of a Fed Listens roundtable in El Paso, part of an event series to hear from people across the country about how the Fed's monetary policy framework affects businesses and communities.
June 03, 2025
Speech by President Lorie K. Logan
Opening remarks for conversation at Greater Waco Chamber
President Lorie Logan delivered remarks on how the Federal Reserve's federated structure and monetary policy independence serve the country.
May 29, 2025
Has the Beige Book become disconnected from economic data?
The Federal Reserve's Beige Book, a key tool for identifying U.S. business-cycle shifts, has traditionally aligned with economic data. However, postpandemic, its economic characterizations often appear weaker than what hard data indicated, raising concerns of divergence from official statistics.
May 27, 2025
Innovation flourishes in Austin
Austin continues to grow as a place where research and creativity flourish. On a recent trip to the Texas capital, Dallas Fed President Lorie Logan visited with people representing various stages of the innovation cycle, from cutting-edge research to developing real-life applications.
May 23, 2025