Dallas Fed Economics
The labor market may be tighter than the level of employment suggests
With payroll employment remaining well below its prior peak, slow job growth would typically suggest weak demand for labor from firms and limited employment opportunities for job seekers. Current conditions in the labor market, however, may be far from typical.
May 27, 2021
Dallas Fed Economics
Fed’s new inflation targeting policy seeks to maintain well-anchored inflation expectations
The Fed’s evolving understanding of the economy and its reassessment of the natural rate of interest have led to arguably the most significant policy change since 2012.
April 06, 2021
Dallas Fed Economics
COVID-19 exposes mortgage market vulnerabilities that led to volatility, Fed intervention
The COVID-19-induced financial market shock in March 2020 significantly disrupted the market for agency mortgage-backed securities.
February 02, 2021
Global Perspectives: Mark Carney on leading the Bank of England, climate change, COVID-19 and community involvement
Mark Carney, special envoy for climate action and finance at the United Nations, discussed climate change and central banks, COVID-19 and central banking, the complementary roles of monetary and fiscal policy, and community engagement with Dallas Fed President Robert S. Kaplan.
December 01, 2020
Global Perspectives: John B. Taylor on the Taylor Rule, accommodative policy, low interest rates and expanded central bank mandates
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.
November 24, 2020
Global Perspectives: Banco de México’s Alejandro Díaz de León on COVID-19, trade and inflation targeting
Díaz de León and Dallas Fed President Robert S. Kaplan discussed COVID-19, the United States–Mexico–Canada Agreement (USMCA) and inflation targeting.
October 27, 2020
Global Perspectives: Richard W. Fisher on the COVID-19 recovery, the Fed’s response and the future of globalization
The Federal Reserve Bank of Dallas recently hosted Fisher, who served as president of the Federal Reserve Bank of Dallas from 2005 to 2015, as part of the Bank’s Global Perspectives speaker series.
October 20, 2020
Policymakers’ response to COVID-19 can draw on Great Recession lessons
Central banks’ experience before and during the 2007–09 Great Recession suggests that they have ample tools to support the economy.
July 07, 2020
Global Perspectives: Donald Kohn on Greenspan and Bernanke, the global financial crisis and the COVID-19 challenge
Kohn and Dallas Fed President Rob Kaplan discussed Kohn’s career at the Fed, his experience during the Global Financial Crisis and his thoughts on the Fed’s reaction to the current crisis.
June 02, 2020
Private forecasters’ COVID-19 global growth outlook takes shape
Private forecasters have anticipated since April 2 that the economy would contract for two consecutive quarters, marking a global recession unlike any seen in peacetime.
May 05, 2020