Innovation promises efficiencies in remittances, if regulation can keep up
As payments technologies evolve faster than the rules governing them, understanding both the mechanics and policy trade-offs of cross-border transfers is increasingly important.
October 15, 2025
Speech by President Lorie Logan
Keynote speaker introduction for the Chicago Payments Symposium
Dallas Fed President Logan shares an overview of how the Federal Reserve is working to modernize and innovate the payments system.
October 08, 2025
San Antonio maintains business-friendly posture despite uncertainty
Dallas Fed President Lorie Logan's second visit to San Antonio on her 360 Listening Tour centered on how Bexar County business and community leaders are handling uncertainty driven by tariffs, immigration and artificial intelligence (AI).
August 25, 2025
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
Technology Providers and Financial Stability: Overview of Risks and Regulatory Frameworks
Technology-focused Third-Party Service Providers (TPSPs) have become important players in the operations of financial institutions and the financial markets. This paper summarizes micro- and macro-prudential regulatory frameworks in place to address risks that TPSPs pose to the financial system.
July 01, 2025
Advances in AI will boost productivity, living standards over time
Artificial intelligence offers the potential to improve people’s living standards. Such advances can be approximated by changes in GDP per capita over time. Using that common measure, AI could enhance longstanding productivity gains or, alternatively, drastically alter the economy in relatively short order.
June 24, 2025
Will AI replace your job? Perhaps not in the next decade
Recent rapid improvements in the capabilities of artificial intelligence have raised concerns about these technologies' impact on employment. The ultimate effects of AI on the workforce will depend on the extent to which AI augments (or complements) rather than automates (or substitutes for) workers' tasks. Will this new technology aid workers or replace them?
June 03, 2025
Surveys
Special Questions
Results from the Texas Business Outlook Surveys special questions in May show that 60 percent of firms report that they are currently using artificial intelligence, up notably from 38 percent a year ago. For generative AI use specifically, the share rose from 20 percent to 36 percent.
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
Research Department Working Papers
The Social Returns to Public R&D
Recent empirical evidence by Fieldhouse and Mertens (2024) points to a strong causal link between federal nondefense R&D funding and private-sector productivity growth, and large implied social returns to public R&D investment. This paper shows that these high social return estimates broadly align with existing evidence on the social returns to private or total R&D spending.
May 14, 2025