Wave 3 of the CFI COVID-19 Survey of Consumers indicates that the incremental improvements in job and financial security we saw in Wave 2 have continued, but that the improvements are not happening evenly within the population. Learn More: Link https://t.co/6mg9YM86T4
Philadelphia Fed Tue 04 Aug 2020 14:47- NEW: Wave 3 of the CFI COVID-19 Survey of Consumers indicates that the incremental improvements in job and financial security we saw in Wave 2 have continued, but that the improvements are not happening evenly within the population. Learn More: Link https://t.co/sK78nZegKC Philadelphia Fed Mon 03 Aug 2020 20:45
- RT @FedReserveJobs: New hot #job @PhiladelphiaFed Cash Services Clerk - (Pipelin: Link. Philadelphia Fed Fri 31 Jul 2020 15:42
- RT @FedReserveJobs: New hot #job @PhiladelphiaFed Technology & Service Manager,: Link. Philadelphia Fed Fri 31 Jul 2020 15:17
- RT @PennIUR: Follow this thread for live updates from today's webinar with @philadelphiafed and @UpjohnInstitute, featuring presentations b… Philadelphia Fed Thu 30 Jul 2020 16:26
- Last chance to register! Webinar: TODAY at 12pm EDT. Hear from experts how small businesses & local communities can promote a more equitable economic recovery from #COVID19: Link #EquityInRecovery @UpjohnInstitute @PennIUR https://t.co/03eXZcxDFk Philadelphia Fed Thu 30 Jul 2020 13:31
- TOMORROW: Sign up for our webinar, 7/30 at 12pm EDT, to learn how small businesses & local communities can advance policies & programs that promote an equitable recovery from #COVID19: Link #EquityInRecovery @UpjohnInstitute @PennIUR https://t.co/Mx9Qhi9AHz Philadelphia Fed Wed 29 Jul 2020 20:00
- Webinar: The Federal Reserve is pleased to announce “Main Street Lending Program: Expansion of Program to Nonprofit Organizations,” an information session for nonprofit organizations to learn about the MSLP. Thursday, July 30, 2020, 2 p.m. EDT. Register: Link Philadelphia Fed Tue 28 Jul 2020 19:29
- Join us for our webinar 7/30 at 12 pm EDT, to learn from experts like @LISCMaurice about how #COVID19 has impacted small businesses, and how such businesses may need to evolve to promote an equitable recovery: Link @UpjohnInstitute @PennIUR https://t.co/jeK159OCbL Philadelphia Fed Tue 28 Jul 2020 17:54
- Sign up for our webinar, 7/30 at 12pm EDT, to learn how small businesses & local communities can advance policies & programs that promote an equitable recovery from #COVID19: Link #EquityInRecovery @UpjohnInstitute @PennIUR https://t.co/xkxpTwFMhM Philadelphia Fed Mon 27 Jul 2020 14:08
- For credit card companies and other lenders, the pandemic has created a variety of risks and challenges. Learn more on how these lenders have responded to the #COVID19 pandemic. Link Philadelphia Fed Fri 24 Jul 2020 18:30
- RT @FedReserveJobs: New hot #job @PhiladelphiaFed Building Controls Engineer: Link. Philadelphia Fed Fri 24 Jul 2020 16:15
- RT @FedReserveJobs: New hot #job @PhiladelphiaFed Research Analyst (Part-Time): Link. Philadelphia Fed Fri 24 Jul 2020 16:15
- Some cities saw a vertiginous boom-and-bust cycle for house prices in the early 2000s. Other cities, not so much. Burcu Eyigungor evaluates two competing explanations for why this happened and asks, can it happen again? Link https://t.co/XbWlnPJxt7 Philadelphia Fed Fri 24 Jul 2020 14:15
- Learn more about the U.S. credit card market and how it is being affected by the #COVID19 pandemic. This report examines how credit card lenders have responded to this national emergency. Link https://t.co/59JyGmFvtK Philadelphia Fed Thu 23 Jul 2020 20:20
- You may have heard that the Fed is taking to respond to this unprecedented crisis, but do you know what it all means? Check out an #infographic series from @ClevelandFed to learn about the programs the Fed is using to help our communities during #COVID19: Link https://t.co/ABBbEVXu6Z Philadelphia Fed Thu 23 Jul 2020 17:19
Kristen Tauber Willem Van Zandweghe
Empirical studies find that the link between inflation and economic slack has weakened in recent decades, a development that could hamper monetary policymakers as they aim to achieve their inflation objective. We show that while the role of economic slack has diminished, economic growth has become a significant driver of inflation dynamics, indicating that the link between inflation and economic activity remains but the relevant gauge of activity has changed. The new evidence suggests that the COVID-19-related recession could induce substantial disinflationary pressure. Read More
- Join us for our webinar 7/30 at 12 pm EDT, to learn from experts how #COVID19 has impacted small businesses, and how such businesses may need to evolve to promote an equitable recovery: Link @UpjohnInstitute @PennIUR https://t.co/cVxwKxJGLg Philadelphia Fed Thu 23 Jul 2020 14:04
- A central bank digital currency could make banking easier for you and me, but, Daniel Sanches asks, how would it affect private banks? Read more: Link https://t.co/onPtWB0H0U Philadelphia Fed Wed 22 Jul 2020 18:03
- As states grapple with #COVID19, how can we reopen the economy safely? A team of economists provides a new database tracking states’ reopening plans, then looks at the data to understand which industries pose less risk for their workers upon reopening. Link https://t.co/na4xhCWsx0 Philadelphia Fed Wed 22 Jul 2020 14:28
- You may have heard that the Fed is taking to respond to this unprecedented crisis, but do you know what it all means? Check out an #infographic series from @ClevelandFed to learn about the programs the Fed is using to help our communities during #COVID19: Link https://t.co/nEFcUDnDSq Philadelphia Fed Tue 21 Jul 2020 19:17
Kristen Tauber Willem Van Zandweghe
Empirical studies find that the link between inflation and economic slack has weakened in recent decades, a development that could hamper monetary policymakers as they aim to achieve their inflation objective. We show that while the role of economic slack has diminished, economic growth has become a significant driver of inflation dynamics, indicating that the link between inflation and economic activity remains but the relevant gauge of activity has changed. The new evidence suggests that the COVID-19-related recession could induce substantial disinflationary pressure. Read More
- How has #COVID19 affected the U.S. credit card market? Read more about how credit card lenders have responded to the pandemic. Link https://t.co/wL4ASiTWkN Philadelphia Fed Tue 21 Jul 2020 17:57
- Our second #EquityInRecovery seminar focused on how place-based initiatives can be part of a strategy for an equitable recovery from #COVID19. Watch the video, check out the materials, and sign up for our next session (7/30) at Link. https://t.co/1cxr6sGqFz Philadelphia Fed Tue 21 Jul 2020 14:27
- Speaking to the @CCPAssociation, President Harker said the path of the U.S. economy depends largely on developments involving #COVID19. He also discussed how to ensure an inclusive economic recovery: Link Philadelphia Fed Mon 20 Jul 2020 20:47
Presented by Patrick T. Harker, President and Chief Executive Officer Federal Reserve Bank of Philadelphia
The Center City Proprietors Association Philadelphia, PA (virtual) July 15, 2020
PDF version (271 KB, 6 pages)
Good afternoon, everybody, and thanks to Suzette for that very kind introduction. It’s great to be here among such an impressive group of people who care deeply about our city.
Given that today’s lunch is virtual, I won’t do the standard thing and urge you to try the salmon and tip the waiters. But I still have to do another standard thing, which is to give you my usual Fed disclaimer: The views I express today are my own and do not necessarily reflect those of anyone else on the Federal Open Market Committee or in the Federal Reserve System.
The New Abnormal
We’re now about four months into the coronavirus crisis and the onset of what I don’t want to call the “new normal.” None of this — including the fact that we’re...
- As states grapple with #COVID19, how can we reopen the economy safely? A team of economists provides a new database tracking states’ reopening plans, then looks at the data to understand which industries pose less risk for their workers upon reopening. Link https://t.co/Y4XNzCNEtB Philadelphia Fed Mon 20 Jul 2020 17:11
- RT @FedReserveJobs: New hot #job @PhiladelphiaFed SENIOR VICE PRESIDENT / CFO: Link. Philadelphia Fed Mon 20 Jul 2020 13:36
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