Paul Wallace

A photo of a pink sunrise over the Mississippi River in Hastings, Minnesota.

Thanks to Ruthie G. for this week's employee submission for our Views from the Ninth photo series. This was taken on the Mississippi River in Hastings, #Minnesota. In southeast Minnesota, Hastings sits near the confluence of the Mississippi, Vermillion, and St. Croix Rivers.

Still looking: A return to rising long-term unemployment? | Federal Reserve Bank of Minneapolis As striking as the COVID recovery was, the history of long-term unemployment in America shows large and consequential trends toward higher numbers

Long-term #unemployment can be a desperate situation. Benefits expire, savings deplete, and debts grow. Our data dive in the latest For All looks at the share of unemployed workers who eventually enter long-term unemployment: https://bit.ly/42DHhk3

A bar chart illustrating the share of workers with a defined contribution account.

How does citizenship affect retirement savings? @erickgarcialuna.bsky.social shows U.S.-born & foreign-born workers don’t have equal access to 401(k)s & IRAs—except among top earners. Learn more: https://bit.ly/4jE6scp

Native CDFI relending program expands access to affordable homeownership in Indian Country | Federal Reserve Bank of Minneapolis A U.S. Department of Agriculture demonstration program enables Native Community Development Financial Institutions to offer more low-cost mortgages to home buyers on reservations

As part of its research on homeownership, the Center for Indian Country Development explored the impact of a U.S. Department of Agriculture partnership that lends Native CDFIs capital to provide low-cost federal mortgages. Read insights from the pilot : https://bit.ly/46X4Bua

Scholar spotlight: John Bailey Jones | Federal Reserve Bank of Minneapolis Bringing economic rigor to life's “fuzzy stuff”

As head of microeconomic analysis at the @richmondfed.bsky.social, system affiliate John Bailey Jones brings quantitative rigor to economic decisions wrapped with up emotion or tradition. "I just want to understand what makes people tick." Read in new For All: https://bit.ly/4hn36dS

Job hugging?

Our team finds that career counselors are advising people to hold onto jobs until they have another lined up. Watch our latest #BeigeBook video for more insights into regional economic conditions. Find the full report here: https://bit.ly/3W8j6Xo

2025 Institute Research Conference, November 13, 2025

Mark your calendars for the @oiginstitute.bsky.social's 2025 Institute Research Conference, a showcase of frontier-style research that the Institute engages with and supports.

Visit link for event info and to register ⬇️
https://bit.ly/4gSFopm

President Kashkari and business leaders at a roundtable discussion in Rapid City, SD

President Kashkari and business leaders at a roundtable discussion in Rapid City, SD Photo credit: Elevate Rapid City

President Kashkari participating in a Town Hall discussion in Rapid City, SD Photo credit: Elevate Rapid City

President Kashkari participating in a Town Hall discussion in Rapid City, SD Photo credit: Elevate Rapid City

This week President Kashkari and Bank staff visited Rapid City, SD as part of a regional outreach trip. The visit included roundtable discussions with local business leaders and a public townhall Q&A. Find the recording of the townhall event here: https://bit.ly/4qhqfT0

LIVE NOW: President Kashkari is participating in a town hall in Rapid City, SD as part of a visit to learn about economic conditions in the region. The conversation is moderated by Elevate Rapid City's Tom Johnson. Tun in here to watch: https://www.minneapolisfed.org/live

Watch President Kashkari live in a few minutes from Rapid City, SD. #econsky

Live | Federal Reserve Bank of Minneapolis Watch live video of speeches and events

President Kashkari will participate in a town hall in Rapid City, SD today (5-6pm CT) as part of a visit to learn about economic conditions in the region. The conversation will be moderated by Elevate Rapid City's Tom Johnson and will be livestreamed. Watch here: https://www.minneapolisfed.org/live

For All Magazine | Opportunity & Inclusive Growth Institute The Opportunity & Inclusive Growth Institute&rsquo;s magazine, <em>For All</em>, highlights the breadth, depth, and diversity of the Institute&rsquo;s contributions to understanding the wide array of ...

Out this week is the latest issue of our @oiginstitute.bsky.social magazine For All. Subscribe today. Extensive look this issue at trends in long-term unemployment among many other uniquely relevant topics in today’s economy and labor market. #econsky www.minneapolisfed.org/institute/fo...

Job hugging?

Our team finds that career counselors are advising people to hold onto jobs until they have another lined up. Watch our latest #BeigeBook video for more insights into regional economic conditions. Find the full report here: https://bit.ly/3W8j6Xo

Interview with Erik Hurst: The long run | Federal Reserve Bank of Minneapolis Automation, inflation, and firm power are changing labor markets. Erik Hurst wants to know how we will adjust in the long run

Automation, inflation, and firm power are changing labor markets. Institute advisor and Chicago Booth professor Erik Hurst wants to know how we will adjust in the long run. Read his interview with senior writer @lisacamnermckay.bsky.social: https://bit.ly/43d3pSs

2025 Institute Research Conference | Federal Reserve Bank of Minneapolis https://www.minneapolisfed.org

At our research conference on 11/13, Nathaniel Hendren will present research on the determinants of credit access in the US. Which groups have more and less access to credit? Vicki Bogan discusses. Register here: https://bit.ly/4gSFopm #EconSky

Rapid rise. Quick recovery. Long-term unemployment did not stay high for long after the COVID recession. But the baseline to which the labor market returned is itself the product of substantial long-run changes. From Abigail Wozniak & Andrew Goodman-Bacon in new For All: https://bit.ly/42DHhk3

What are the major trends determining the course of overall #inflation? @jeffhorwich.bsky.social looks at durable goods, market-based services, and housing and utilities next to their recent historical performance. The results show why this is a challenging moment for policymakers. #EconSky

Massive data centers lay roots in the Ninth District | Federal Reserve Bank of Minneapolis Large-scale data center developers show interest in the district, but projects are still in the planning stage

The Ninth District has experienced significant interest from large-scale data center developers, but many projects are still in the planning stage. Read more about these developments in the latest article by Haley Chinander: https://bit.ly/3VVxUsc

At last week's Midwest Agriculture Conference, we were joined by farmers, the ag business community, and moderator @foxbusiness' Edward Lawrence for discussions on industry updates and trade conditions. www.chicagofed.org/publications... x.com/messages/med...

Daily pricing data reveal the slow-rolling impact of tariffs | Federal Reserve Bank of Minneapolis Prices are rising for U.S. consumers even as cautious retailers eat much of the tariffs for now

Private data like Harvard Business School Pricing Lab is now as important as ever. @jeffhorwich.bsky.social talked with Harvard's Alberto Cavallo about their findings on tariffs and how to interpret them. https://bit.ly/42zz4NM

Two Minnesota iron mines are still idled and hundreds of workers furloughed. What are the long-term prospects for the industry? @tuuyentran.bsky.social digs into the data to find out.

Thrilled to announce that John Leahy will become the Chicago Fed’s next director of research

He’s the Allen Sinai Professor and chair of the Econ dept. at @umich and a great guy.

Welcome to Da Bank, John.

www.chicagofed.org/publications... x.com/messages/med...

CICD 10th Anniversary and Data Summit | Federal Reserve Bank of Minneapolis Braiding the past and future of Native economies

The final panel in today's CICD Data Summit begins soon, followed by closing remarks from Minneapolis Fed SVP Alene Tchourumoff.

Panel: Data and its Role in Diversifying Enterprises and Services

Tune in to the livestream to view. https://www.minneapolisfed.org/live

Live | Federal Reserve Bank of Minneapolis Watch live video of speeches and events

@minneapolisfed.bsky.social President Neel Kashkari is live now in conversation with @federalreserve.gov Governor Michael Barr at the Economic Club of Minnesota in Golden Valley, MN. Watch now. minneapolisfed.org/live #econsky

Live | Federal Reserve Bank of Minneapolis Watch live video of speeches and events

LIVE NOW: President Neel Kashkari in conversation with @federalreserve.gov Governor Michael Barr at the Economic Club of Minnesota. Tune in to watch: https://www.minneapolisfed.org/live

Neel Kashkari participates in fireside chat with U.S. Senator Tina Smith (MN) at CICD’s 10th Anniversary and Data Summit | Federal Reserve Bank of Minneapolis

This afternoon President Neel Kashkari participated in a virtual fireside chat with @smith.senate.gov (MN) at the Center for Indian Country Development's 10th Anniversary and Data Summit. View the recording here: https://bit.ly/3Wvdzdo

CICD 10th Anniversary and Data Summit | Federal Reserve Bank of Minneapolis Braiding the past and future of Native economies

We are honored to have Governor Michael Barr from the @federalreserve.gov Board of Governors give remarks as part of today's CICD 10th-Anniversary event. You can watch him deliver his remarks live 4:45-4:55pm CT here: https://bit.ly/46olnDu

Speech by Governor Barr on community development and Indian Country Good afternoon. Thank you for the invitation to be here to help mark the 10th anniversary of the Center for Indian Country Development (CICD) and to further th

Speech by Governor Barr on community development and Indian Country @minneapolisfed.bsky.social: www.federalreserve.gov/newsevents/s...

Watch live: www.minneapolisfed.org/live

Learn more about Governor Barr: www.federalreserve.gov/aboutthefed/...

CICD 10th Anniversary and Data Summit | Federal Reserve Bank of Minneapolis Braiding the past and future of Native economies

The first of our two-day Center for Indian Country Development (CICD) event kicks off with remarks from Bank leadership followed by our first panel: Expanding the Impact of Data and Analysis in Shaping Tribal Economies

Tune in beginning at 2pm CT to watch: https://bit.ly/46olnDu