March 6, 2014 — President Charles Plosser offers his views on growth, unemployment, and inflation expectations. He also discusses why the Fed faces a communications challenge with the economy so close to the unemployment threshold of 6.5 percent. He then explains why he favors the Fed providing more information to indicate how monetary policy will evolve as economic conditions change. Read the speech.
March 6, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 3/1/2014.
March 5, 2014 — The Federal Reserve Board of Governors has released the
March 3, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on real personal income less transfer payments for January 2014 and real manufacturing and trade sales for December 2013.
February 28, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated GDPplus for the U.S. Bureau of Economic Analysis's release today of quarterly data from the national income and product accounts.
February 28, 2014 — President Charles I. Plosser discusses his views on the FOMC's forward guidance, which seeks to inform the public about the future path of monetary policy. He discusses why the FOMC should revamp its forward guidance as the unemployment rate nears the 6.5 percent rate threshold. Read the speech.
February 28, 2014 — Read the latest Business Review articles: "Does the U.S. Trade More Widely Than It Appears?" explores a possible explanation for why few U.S. firms appear to export. "Location Dynamics: A Key Consideration for Urban Policy" shows how location decisions by firms, residents, and workers can involve complex interactions with unpredictable consequences. "Brewing Bubbles: How Mortgage Practices Intensify Housing Booms" discusses how house price movements can become amplified. "New Perspectives on Consumer Behavior in Credit and Payments Markets" summarizes papers presented at a Philadelphia Fed conference. Download the entire issue.