The Federal Reserve Bank of Chicago's Financial Markets Group is focused on advancing financial policy and robust market practices to promote the stability of the U.S. financial system. The group applies market practitioner, legal, technological, and other expertise to study challenges and risks in financial markets and infrastructures. It has particular expertise in the derivatives markets and clearinghouses in which Chicago is a global leader.
The Chicago Fed Economic Mobility Project provides evidence-based research on the factors and policies that affect economic mobility to those who can enact meaningful change.
Reducing exposure to lead improves health and well-being — especially for infants and children. But in the Upper Midwest, the widespread presence of lead service lines (LSLs) poses elevated risks of exposure to millions of people through the water supply. Replacing LSLs is the only way to eliminate this potential source of lead exposure. Although new federal and state policies and programs are strengthening momentum to replace LSLs, many economic and financial barriers continue to pose challenges, particularly in low-income communities.
In our discussions across the Midwest, both employers and workers describe the challenges created by a lack of affordable, reliable, and accessible childcare. Workers with small children must find quality affordable childcare that aligns with their work schedule. While for employers, limited local options for childcare make it more challenging to attract and retain workers. In response, staff at the Chicago Fed are leveraging our community engagement, policy analysis, and analytical capabilities to better understand the dimensions of this challenge across the range of industries and communities in the Seventh Federal Reserve District.