The benefits of innovation have not been experienced equally across Chicago’s diverse population. A recent Project Hometown event examined how the private and public sectors can enhance Chicago’s role as a global innovation hub, offering opportunity for all.

Chicago Fed Letter article presents for the first time the results from a new model called ALEX to study the economic recovery from the Covid-19 downturn. This model uses 107 monthly and quarterly indicators of economic activity to forecast the near-term path of U.S. real GDP.