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The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors https://www.federalreserve.gov/econres.htm
ICYMI: New #FEDSNote: Monetary Policy Stance and Commodity Cycles in Emerging Economies: www.federalreserve.gov/econres/note... #EconSky
Monetary Policy Stance and Commodity Cycles in Emerging Economies
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #FEDSNote: Examining the Sensitivity of Regional Banks to Macroeconomic Shocks: www.federalreserve.gov/econres/note... #EconSky
Examining the Sensitivity of Regional Banks to Macroeconomic Shocks
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
ICYMI: We show that borrowing more against the same collateral raises spreads faster and faster. Uncertainty shocks steepen that relationship, devastating leveraged borrowers. Credit surface steepness ranks credit conditions and economic uncertainty. www.federalreserve.gov/econres/feds...
New #FEDSPaper: Allowing cyclical disturbances to affect trends through scarring effects changes the inferred sources of macroeconomic fluctuations and the measurement of the gaps that are central to the conduct of monetary policy: www.federalreserve.gov/econres/feds...
Measuring Macroeconomic Stars: A Framework with Scarring Effects
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #FEDSNote: Monetary Policy Stance and Commodity Cycles in Emerging Economies: www.federalreserve.gov/econres/note...
Monetary Policy Stance and Commodity Cycles in Emerging Economies
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #FEDSPaper: The authors show that firms' forecasts of their own marginal costs are disconnected from CPI expectations, (over)react to current and past costs systematically, and underreact to aggregate shocks until costs move. (1/2) www.federalreserve.gov/econres/feds...
How Firms Form Beliefs and the Implications for Inflation
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #FEDSPaper: We show that borrowing more against the same collateral raises spreads faster and faster. Uncertainty shocks steepen that relationship, devastating leveraged borrowers. Credit surface steepness ranks credit conditions and economic uncertainty. www.federalreserve.gov/econres/feds...
New #FEDSNote: Vietnam's Export Boom to the U.S.: The Role of Chinese Firms: www.federalreserve.gov/econres/note... #EconTwitter
Vietnam's Export Boom to the U.S.: The Role of Chinese Firms
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #FEDSNote: The AI Buildout and the Economy: Publicly Available Data to Assess AI's Impact : www.federalreserve.gov/econres/note... #EconSky
The AI Buildout and the Economy: Publicly Available Data to Assess AI's Impact
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #IFDPPaper: Transmission Growth-at-Risk: How Foreign Financial Vulnerabilities Shape U.S. Growth Prospects: www.federalreserve.gov/econres/ifdp... #EconSky
Transmission Growth-at-Risk: How Foreign Financial Vulnerabilities Shape U.S. Growth Prospects
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #FEDSPaper: The Last Taxi: LCR Buffers and Bank Liquidity Provision: www.federalreserve.gov/econres/feds... #EconSky
The Last Taxi: LCR Buffers and Bank Liquidity Provision
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #FEDSNote: Fifth Conference on the International Roles of the U.S. Dollar: Stablecoins, Digital Payments, and the International Role of the U.S. Dollar: www.federalreserve.gov/econres/note...
Fifth Conference on the International Roles of the U.S. Dollar: Stablecoins, Digital Payments, and the International Role of the U.S. Dollar
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
ICYMI: #IFDPPaper: Multi-Plant Firms, Variable Capacity Utilization, and the Aggregate Hours Elasticity: www.federalreserve.gov/econres/ifdp...
Multi-Plant Firms, Variable Capacity Utilization, and the Aggregate Hours Elasticity
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #FEDSNote: Technology Shocks, the AI Boom, and the U.S. Current Account: www.federalreserve.gov/econres/note...
Technology Shocks, the AI Boom, and the U.S. Current Account
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
On July 14, 2026, Governor Barr participated in the “Next-Gen Financial Inclusion” conference: www.federalreserve.gov/newsevents/s...
Live now at the “Next-Gen Financial Inclusion” conference – “Financial Health in the United States”: www.federalreserve.gov/conferences/... www.federalreserve.gov www.youtube.com/federalreserve
Next-Gen Financial Inclusion
banking Conference - The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
Live now at the “Next-Gen Financial Inclusion” conference – “Emerging Payment Methods, Digital Access, and Payments Inclusion”: www.federalreserve.gov/conferences/... www.federalreserve.gov www.youtube.com/federalreserve
Next-Gen Financial Inclusion
banking Conference - The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
Speech by Vice Chair for Supervision Bowman on responsible innovation and financial inclusion at the “Next-Gen Financial Inclusion” conference: www.federalreserve.gov/newsevents/s... Watch live: www.federalreserve.gov/conferences/... www.federalreserve.gov www.youtube.com/federalreserve
Live now at the “Next-Gen Financial Inclusion” conference – “Emerging Innovation, AI, and Financial Inclusion”: www.federalreserve.gov/conferences/... www.federalreserve.gov www.youtube.com/federalreserve
Next-Gen Financial Inclusion
banking Conference - The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
Governor Barr participates in a fireside chat on artificial intelligence and financial inclusion at the “Next-Gen Financial Inclusion” conference Watch live: www.federalreserve.gov/conferences/... www.youtube.com/federalreserve Learn more about Governor Barr: www.federalreserve.gov/aboutthefed/...
Speech by Governor Barr on artificial intelligence at the “Next-Gen Financial Inclusion” conference: www.federalreserve.gov/newsevents/s... Watch live: www.federalreserve.gov/conferences/... www.youtube.com/federalreserve Learn more about Governor Barr: www.federalreserve.gov/aboutthefed/...
Watch live tomorrow at 12:30 p.m. ET: “Next-Gen Financial Inclusion” conference Learn more: www.federalreserve.gov/conferences/... www.federalreserve.gov www.youtube.com/federalreserve
ICYMI: New #FEDSPaper: The Standards Are in the Mail: Comparing Credit Card Supply Indicators: www.federalreserve.gov/econres/feds...
The Standards Are in the Mail: Comparing Credit Card Supply Indicators
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #IFDPPaper: Multi-Plant Firms, Variable Capacity Utilization, and the Aggregate Hours Elasticity: www.federalreserve.gov/econres/ifdp...
Multi-Plant Firms, Variable Capacity Utilization, and the Aggregate Hours Elasticity
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
ICYMI: The authors find that the relatively more vulnerable emerging market economies fared better in both financial market and growth outcomes through the recent 2022-23 U.S. monetary policy tightening cycle than would be expected from our model. (1/2) www.federalreserve.gov/econres/note...
How Resilient Were Emerging Market Economies Through the 2022-23 U.S. Monetary Tightening Cycle?
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #FEDSPaper: Capturing Heterogeneity: Machine Learning Approaches to Implied Volatility Forecasting: www.federalreserve.gov/econres/feds...
Capturing Heterogeneity: Machine Learning Approaches to Implied Volatility Forecasting
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
New #FEDSNote: Do Major Technology Advancements Lead to Overinvestment? www.federalreserve.gov/econres/note...
Do Major Technology Advancements Lead to Overinvestment?
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
When term premiums go up, banks lend MORE. We formalize this in a dynamic bank portfolio model & test it using the 2013 Taper Tantrum. Finding: QE's term premium compression may dampen bank lending, working against monetary policy stimulus goals. www.federalreserve.gov/econres/feds...
Term Premium and Bank Lending
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov