Annual Report
2024 Annual Report
15 May ’25
In our 2024 Annual Report, we look back on some of our key research and outreach initiatives from the year. As part of a special video message, President Patrick T. Harker reflects on some of the Philadelphia Fed’s accomplishments and milestones, and First Vice President Jeanne R. Rentezelas writes about our commitment to serving the Third District.
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.
Working Paper
The Bronx Is Burning: Urban Disinvestment Effects of the Fair Access to Insurance Requirements
WP 25-16 – This study examines the consequences of FAIR plans in the 1960s and 1970s. Though meant to address insurance redlining, these plans unintentionally created moral hazard, leading to housing disinvestment and neighborhood change.
The Economy
A source for Philadelphia Fed research, data, and perspectives on labor markets and economic opportunity.
Survey
Second Quarter 2025 Survey of Professional Forecasters
16 May ’25
Second Quarter 2025 Survey of Professional Forecasters
Article
Piped Water and Sewer Access: Measuring Its Benefits for 19th Century Chicago and Its Relevance Today
14 May ’25
Research in Focus — Using land values, Allison Shertzer of the Philadelphia Fed and her coauthors estimate the benefits of piped water and sewers in 19th century Chicago, with broader applicability.
Workforce & Economic Development
Perspective
Moving Up or Running in Place? Examining Economic Stability and Mobility in Philadelphia
A recent Philadelphia Fed study examines the hurdles people face to upward mobility. In this article, Philadelphia Fed President and CEO Patrick Harker emphasizes the need for collaborative solutions with input from all stakeholders, including workers.