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GDP Gain Realized in Shale Boom’s First 10 Years
The U.S. shale boom has benefited the nation’s oil trade balance and oil-producing regions and led to unusually large employment and output gains.
Auto Industry on Road to Recovery from Pandemic
After a series of disruptions in March and April that coincided with the widespread outbreak in the U.S., the auto industry has entered a recovery period, though its path forward remains uncertain.
Online Retailing, Self-Employment Disrupt Inflation
The employment status of increasing numbers of workers has become contingent in recent years—that is, there is greater freelance, or “gig,” employment. This development has coincided over the past two decades with an era of increasing online commerce that provides consumers a wider array of products and services at competitive prices.
Real Wages Grew During Two Years of COVID-19 After Controlling for Workforce Composition
Despite recent negative real wage growth, workers have experienced real wage gains over the two years of the pandemic.
COVID-19 Risks Expose Vulnerabilities, Downside Risks to U.S. Outlook
The COVID-19 crisis has adversely affected the U.S. economy, helping account for a projected 3.4 percent contraction in 2020. The Congressional Budget Office (CBO) anticipates a strong 4.6 percent rebound in 2021, making up for those losses.
Room to Grow? Inflation and Labor Market Slack
Compared with the usual ex-food-and-energy measure, the Dallas Fed’s Trimmed Mean PCE inflation rate sends a clearer, more reliable signal about whether cyclical inflation pressures are building.
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.
Changes in Labor Force Participation Help Explain Recent Job Gains
The U.S. labor force participation rate declined following the Great Recession to a low of 62.3 percent in 2015.
U.S. Economic Rebound Uneven amid Resurgent Local COVID-19 Outbreaks
A full recovery to pre-pandemic levels of economic activity appears unlikely until the virus is under control.
Monetary Policy in Time of Pandemic
Some monetary policy strategies have greater potential than others to mitigate pandemic-related financial strains.