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We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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Economic Brief

Economic Brief masthead

Our latest research on these topics

Monetary Policy and Inflation
Education and Labor Markets
Economic Growth and Fiscal Policy
Regional and Urban Economics
Banking and Finance

Featured

Lender going over mortgage agreement with a homebuyer.

Article

Bank Liquidity and Financing of Nonbank Mortgage Companies

Economic Brief

August 2025, No. 25-33

By Daniel te Kaat, Alessandro Rebucci, Horacio Sapriza and Alex Sclip

How do shocks to the banking system affect nonbank mortgage companies through warehouse lines of credit?

Job applicants waiting in a line of chairs as they review their notes.

Article

How to Gauge Maximum Employment

Economic Brief

August 2025, No. 25-32

By Marios Karabarbounis

The Fed's "maximum employment" mandate isn't directly measurable, so how can we tell if the economy is close?

Monetary Policy and Inflation

Article

A jar of pennies sitting on top of a pile of pennies.

July 2025, No. 25-27

Zhu Wang and Russell Wong

Rounding Up: The Impact of Phasing Out the Penny

Article

A man holds a virtual world map with person icons representing people's data spread throughout the globe.

June 2025, No. 25-25

Katherine Anderson, Paul Ho and Nathan Robino

Economic Effects Everywhere All at Once

Article

Dashboard oil pressure gauge has a scale showing spelling out "inflation" and a needle pointing at the danger red zone.

May 2025, No. 25-20

Felipe F. Schwartzman

The Rabbit-Duck Question: What Caused the Recent Inflation Surge?

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Education and Labor Markets

Article

City hall building made of sandstone bricks.

July 2025, No. 25-28

Santiago Pinto and Sonya Ravindranath Waddell

Impacts of Government Spending Changes on Local Economies

Article

Young man wearing safety goggles and receiving vocational training from his teacher.

June 2025, No. 25-24

Claudia Macaluso

Human Capital Investment: Would Higher-Order Skills Help Disconnected Youth?

Article

A business owner putting up a help wanted sign on their storefront window.

March 2025, No. 25-10

Katarína Borovičková

Hiring Puzzle: Why Do Firms Decrease Hiring So Much in Recessions?

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Economic Growth and Fiscal Policy

Article

Construction foremen in high visibility wear and helmets evaluating glass windows.

August 2025, No. 25-31

Five Decades of Decline: U.S. Construction Sector Productivity

Article

Hand turning a productivity knob to the max setting.

August 2025, No. 25-30

Pierre-Daniel G. Sarte and Jack Taylor

Forecasting U.S. Productivity

Article

A semi-transparent collage including shipping container dock, a chart of changing values, and money.

August 2025, No. 25-29

Marina Azzimonti

Why Predicted and Actual Tariff Rates Diverged in May 2025

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Regional and Urban Economics

Article

Moving van full of boxes and furniture in front of a house.

May 2025, No. 25-19

John Bailey Jones, Yue Li and Urvi Neelakantan

Why Is Geographic Mobility Declining?

Article

Illustration of sold houses on a gradually increasing bar chart.

March 2025, No. 25-11

Forecasting House Price Growth Using Months Supply of Housing

Article

Small model house sitting and coins sitting on top of paper with charts.

January 2025, No. 25-04

Marios Karabarbounis and John O'Trakoun

How Is Housing Handled in the National Income and Product Accounts?

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Banking and Finance

Article

A jar of pennies sitting on top of a pile of pennies.

July 2025, No. 25-27

Zhu Wang and Russell Wong

Rounding Up: The Impact of Phasing Out the Penny

Article

Graphic illustrating the concept of the interconnected over-the-counter market model.

July 2025, No. 25-26

Lindsay Li and Nicholas Trachter

How Private Information Distorts OTC Market Outcomes

Article

Wall of crisp one-dollar bills.

May 2025, No. 25-18

Russell Wong and Mengbo Zhang

How Concentrated Is the Distribution of Banks' Reserve Balances?

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