As the effects of COVID-19 have intensified, the official measures of unemployment may not fully capture the devastation to the labor market. Jason Faberman, Senior Economist and Research Advisor, Federal Reserve Bank of Chicago, discusses labor market changes during the COVID-19 crisis.
According to the most recent Ag Letter, the current agriculture economy has decreased substantially, alongside much of the economy during the Covid-19 pandemic. What is changing for farmers, the food sector and the economy? Join us for a discussion with senior business economist David Oppedahl to discuss farmland values and how they have changed, key concerns of farmers and agricultural bankers and challenges that agricultural producers may have in the coming months.
Join Connie Theien, Senior Vice President, Industry Relations for the Federal Reserve System as she provides the latest update on development of FedNow – the Federal Reserve’s instant payments service.
The coronavirus pandemic is exacerbating existing inequalities in the United States. Service workers, including those working in food service, cleaning and building maintenance, retail and hospitality, and warehouse jobs are facing particularly acute challenges at this time.
Ann Marie from the Federal Reserve Bank of Cleveland and Barbara from the Federal Reserve Board discuss their research on the experiences of small businesses that seek credit from fintech lenders.
According to the most recent summary of economic conditions, farmers are somewhat optimistic about trade and agriculture. Yet, has agriculture's financial situation changed from a year ago?
David discusses farmland values, key concerns of farmers and agricultural bankers, and challenges that agricultural producers may have the rest of the year.
At the January Federal Open Market Committee meeting, the Committee indicated that the labor market remains strong and that economic activity continues to rise at a moderate rate. They also mentioned the following: job gains have been solid recently. The unemployment rate has remained low. Household spending has been rising at a moderate pace. Business fixed investment and exports remain weak.
Paul discusses what this means for the U.S. economy.
Dionissi, Dan, and Eric discuss the persistence of the racial wealth gap and specifically why black households in the U.S. have, on average, less weather than white households.
Tim Todd discusses the widely unknown history of African American banks that provided benefits to the communities they served. The Kansas City Fed recently published the historical book, Let Us Put Our Money Together: The Founding of America's First Black Banks. Discover how three banks – True Reformers, Capital Savings Bank, and the Alabama Penny Saving Bank – innovated community banking.
Dan discusses the link between real wage growth and unemployment for different demographic groups and how the economic recovery has impacted less advantaged groups.
An Outlook on the U.S. and Michigan Economies
Paul discusses the current economic situation for the U.S. and Michigan, provides an update of economic activity for Detroit, and the Fed’s perspective and an update on monetary policy.
Note: Due to technical difficulties, a recording of this webinar is not available. You may download the slide deck here.
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