Chicago Fed Insights
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By Caroline Beetz Fenske       December 23, 2021

The Chicago Fed hosted its 35th annual Economic Outlook Symposium (EOS) on December 3, 2021. Distinguished economists and industry specialists reported on economic and sectoral performance in 2021, provided projections for 2022, and discussed key policy issues. This blog post provides highlights of those presentations and discussions. Discussion of the economy and consensus outloo... Read More

By Kathy Cobb       December 14, 2021

Biofuels have been on a roller coaster ride over the past two decades, driven up initially by the national renewable fuel standard (RFS) program that triggered ethanol's heyday from 2002 to 2010 with growing corn prices and surging farmland values—until 2013, when ethanol growth plateaued. Bio-based diesel hit a peak in 2016 and then it too reached a plateau. Leslie McGranahan, vice president and... Read More

By Aaron Berlowe, Jane Frost, Tim Palmersheim, Pamela Kennedy       November 29, 2021

The annual Community Bankers Symposium is an interagency event, hosted by the Federal Reserve Bank of Chicago, Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the Conference of State Bank Supervisors (CSBS). This year's event, which focused on technology, security, and regulatory initiatives to prepare banks for the fu... Read More

This is our second post summarizing the 2021 Community Bankers Symposium, held virtually on October 22. Our first post covered the opening remarks, keynote address, and a special presentation on the future by Brett King. Read it here. In this post, we summarize the view from the CSBS, expert perspectives on cyber security, the regulatory panel, and new initiatives from... Read More

November 23, 2021

Long before the Covid-19 pandemic, Black-led businesses faced unequal access to capital that limited their ability to sustain themselves and grow. But with Black-led businesses nationwide reportedly receiving a disproportionately lower share of Paycheck Protection Program (PPP) funding, especially at the first round of disbursement, the pandemic has cast a spotligh... Read More

By Caroline Beetz Fenske       October 6, 2021

In a virtual event on October 6, 2021, an expert panel discussed the auto industry's technological transformation to electric vehicles (EVs), shared ideas about what firms and workers will likely face during the transition by 2030 and beyond, and identified obstacles to achieving policy goals of reducing greenhouse gas emissions through electrification of transport. This blog post summarizes the ... Read More

By Levi Bognar, Ekta Deshmukh, Emma LaGuardia, Thomas H. Klier       September 29, 2021

Electric vehicles are receiving lots of attention these days as public policy measures are increasingly encouraging their use. For instance, the White House recently announced a new target of half of all new vehicles sold in the U.S. being zero-emissions vehicles by 2030—which would be supported with fuel efficiency and emissions regulations and investments in... Read More

By Caroline Beetz Fenske       August 19, 2021

Learning Loss and Renewal after the Pandemic (August 10, 2021) was the latest in a series of Project Hometown virtual events hosted by the Chicago Fed. The latest event featured a panel of experts in the field of education and aimed to raise awareness of the consequences of school closures and remote learning on academic achievement and economic opportunities, particularly for students in economi... Read More

By Caroline Beetz Fenske       July 20, 2021

The Chicago Fed's virtual event, “Charting Detroit's Fiscal Future: Challenges and Opportunities,” held on July 14, 2021, is the latest in a series of Project Hometown events aimed at identifying obstacles facing communities in the Seventh District during the pandemic. The event examined Detroit's city government financing to understand how its unique revenue structure has fared during the Covid... Read More

During the early days of the Covid-19 pandemic in the U.S., the speed with which economic activity responded to the spread of the virus and the public policy responses that followed laid bare the need for both accurate and timely measures of consumer spending. In this Chicago Fed Insights blog post, we discuss a new Chicago Fed index called CARTS and its implications f... Read More

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