From the President

Charles Evans

President and CEO

Features

Do Insurers in Catastrophe-Prone Regions Buy Enough Reinsurance?

Insurers in catastrophe-prone areas use as much as four times more reinsurance than insurers in less risky areas, and this risk transfer significantly reduces their losses.

  Read More

Is There Still Slack in the Labor Market?

Employment remains about one million jobs below trend, implying labor market slack is likely to persist at least until late 2016. 

  Read More

What Does the Changing Economy Mean for Workers?

Between January 1990 and March 2016, pay fell by 2.9 percentage points as jobs shifted to sectors with lower pay, and the trend toward lower-paying sectors has continued in the recovery.

  Read More

How Did the Recession Affect Payday Loans?

Did payday borrowing rise? And did the use of payday loans expand to include more middle-income borrowers?

  Read More

Recent News

Economic Growth Picked Up in June

The Chicago Fed National Activity Index (CFNAI) was +0.16 in June, up from –0.56 in May.

Survey Shows Growth Remained Modest in Late May and June

The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index decreased to –24 from –21, suggesting that growth in economic activity remained modest in late May and June.

Economic Growth Forecasts—Views from the Auto Sector

Chicago Fed Letter reports symposium forecasts for the auto industry and the U.S. economy through 2017.

Macroeconomic Sources of Recent Interest Rate Fluctuations

Behavior of asset prices seems to reflect large decline in oil prices more than recent divergence between U.S. and European monetary policy.

Is Greece More or Less Indebted than Portugal or Ireland?

Which country is most burdened by its debt? Plausible measures of indebtedness suggest that Greece is anywhere from as much as 50% more indebted to as little as half as indebted as either Portugal or Ireland.

Around the System