Federal Reserve
FEDPaper
DiD methods: No single best, performance context-dependent
Federal Reserve economists John Coglianese and Jade A. Fang evaluated the empirical performance of difference-in-differences (DiD) estimators using over 134,000 state-level placebo event studies.
Focus
FEDPaper
Long-run growth shocks steepen equity yield curve, boost dividends
A Federal Reserve study finds that positive long-run growth shocks steepen the equity yield curve by increasing expected dividend growth.
FEDPaper
Tight labor markets improve job quality, not just wages
A new Federal Reserve study finds that tight labor markets significantly improve job quality for workers changing jobs.
Latest
FEDPaper
Static capital buffer outperforms complex dynamic rules
A Federal Reserve working paper argues that simple static capital buffers are more effective than complex dynamic rules in preventing excessive bank risk-taking.
FEDPaper
Repo market capacity constrains Fed balance sheet size
A new Federal Reserve paper argues that repo market capacity, driven by money market fund liquidity, is the primary constraint on the Fed's balance sheet size.
FEDPaper
Fiscal policy transmits abroad through portfolio frictions
This paper studies the international transmission of fiscal policy and its impact on the real exchange rate (RER) and net exports.
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FEDPaper
US business counts diverge by 1.6 million
A new Federal Reserve working paper documents a 1.6 million gap between the Bureau of Labor Statistics and Census Bureau reports on U.S. private sector employer establishments by 2023.
FEDSpeech
Waller: Digital assets reshape dollar's global role
Christopher J. Waller, a member of the Federal Reserve Board, welcomed participants to a conference on the international role of the U.S. dollar.
FEDNews
Former Fed Chair Alan Greenspan passes; leaves lasting mark
The Federal Reserve announced with deep sadness the passing of Alan Greenspan, who served as the 13th Chairman of the Board of Governors from 1987 to 2006.
FEDNews
Agencies propose customer ID rules for payment stablecoin issuers
Five U.S. financial regulators, including the Federal Reserve Board, have jointly proposed a rule requiring payment stablecoin issuers to establish customer identification programs.
FEDNews
Fed raises 2026 rate projection to 3.8 percent
Federal Open Market Committee participants raised their median federal funds rate projection for 2026 to 3.8 percent.
FEDNews
Federal funds rate held steady at 3.5-3.75 percent
The Federal Open Market Committee unanimously decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent.