Labor Markets and Opportunity: Is Our Workforce Getting Smaller?
29 May ’25
President and CEO Patrick T. Harker, Economic Growth & Mobility Project Director Ashley Putnam, and Outreach Economist Ryo Tashiro explore the shrinking U.S. labor force.
Speech
Economic Outlook and Final Thoughts
Philadelphia Council for Business Economics | Philadelphia, PA
About
Meet Our Next President: Anna Paulson
17 Apr ’25
After a nationwide search, the Federal Reserve Bank of Philadelphia has selected Anna Paulson to serve as the next president and chief executive officer. Her term will begin on July 1, 2025.
Banking
A source for information on supervisory guidance, resources, and tools to aid community bankers. Read the latest release.
Aruoba-Diebold-Scotti Business Conditions Index
06 Jun ’25
An index designed to track real business conditions at high observation frequency
Working Paper
Interchange Fees in Payment Networks: Implications for Prices, Profits, and Welfare
WP 25-18 – This paper examines the level of a wholesale price — the interchange fee — typically set by a payment card network that influences the distribution of acceptance costs and benefits incurred or received by merchants and consumers.
Working Paper
A Gibbs Sampler for Efficient Bayesian Inference in Sign-Identified SVARs
WP 25-19 – We develop a new algorithm to analyze economic data using SVAR models identified with sign restrictions. We demonstrate its usefulness on a small SVAR of the world oil market and a large SVAR of the U.S. economy.