@ptwall.bsky.social
Strategic comms @MinneapolisFed. Views are my own. Also active on Threads at https://threads.net/@ptwall.
Illustration depicting a city map with a river. Icons show a bank, a store, and a house, connected by a dotted line with dollar signs, symbolizing the flow of money.
Controlling for income, there are strong geographic patterns in credit score & loan payment. Nathaniel Hendren and co-authors open the opaque world of #CreditScores with a huge linked dataset of credit scores and IRS/Census records. https://bit.ly/3Zexej8
16.02.2026 16:53 — 👍 1 🔁 1 💬 0 📌 0
A person walks between two large blue John Deere combine harvesters in a field. The ground is covered with harvested stalks, and the sky is clear. Green and blue geometric shapes overlay the image.
“With extremely low commodity prices, we are looking at a very scary 2026/2027.”
A successful harvest wasn’t enough to ease financial strain for farmers in the Ninth District. In his new article, Joe Mahon shares more takeaways from our fourth quarter 2025 Ag Credit survey. https://bit.ly/3MlR0GO
New measure: Tariffs twice as restrictive as popular estimates, New research brief
Popular calculations of average tariff rates overlook an economic fact: Higher #tariffs create exponentially more economic distortion. Improved "Trade Restrictiveness Index" from Mike Waugh, Minneapolis Fed monetary advisor, takes account, and comes in much higher: 21%. https://bit.ly/4kpmOqK
10.02.2026 18:00 — 👍 5 🔁 5 💬 0 📌 2
Cover of a working paper titled "Why Do Households Save and Work?" by Margherita Borella, Johanna Torres Chain, Mariacristina De Nardi, and Fang Yang. The design features a split background with white, gold, and dark blue sections. The logo for the Opportunity & Inclusive Growth Institute at the Federal Reserve Bank of Minneapolis is prominently displayed on the right.
In new paper, Margherita Borella, @mdenardi.bsky.social, Fang Yang, and @johanatch.bsky.social use a life-cycle model with family structure, labor supply responses, and late-life risks to show bequest motives and medical expense risk are important drivers of aggregate wealth https://bit.ly/4anebZ5
11.02.2026 17:57 — 👍 3 🔁 2 💬 0 📌 0
A person smiling for a selfie next to their car; an illustration of several individuals looking at a "Now Hiring" poster.
Alongside modest job creation, the new jobs numbers show # of Americans coming off the sidelines to look for work hit a multi-year high (~2 million)--a force pushing up on unemployment. @jeffhorwich.bsky.social recently looked at who's getting back in the hunt. https://bit.ly/48THtxH
11.02.2026 22:52 — 👍 5 🔁 3 💬 0 📌 0
Watch live. October 29 at 2:30 p.m. ET. FOMC Press Conference. Alternate player: https://www.youtube.com/FederalReserve/
WATCH LIVE TODAY: Press conference with #FOMC Chair Powell at 2:30 p.m. ET: www.federalreserve.gov
www.youtube.com/federalreserve
Federal Reserve issues #FOMC statement: www.federalreserve.gov/newsevents/p...
28.01.2026 19:01 — 👍 25 🔁 8 💬 1 📌 2
The Federal Open Market Committee will meet as planned on Tuesday, January 27 and Wednesday, January 28. The FOMC statement will be released as scheduled at 2 p.m. EST, and the Chair’s news conference will start at 2:30 p.m. EST on January 28. (2/2) www.federalreserve.gov/newsevents/c...
26.01.2026 23:53 — 👍 12 🔁 4 💬 0 📌 1
A split image showing a smiling person on the left and a vibrant street scene in Northfield, Minnesota on the right, featuring historical buildings and bustling traffic.
Regional Economic Conditions: General Business
2/24, 9-9:30am CT
Join Haley Chinander for a free webinar discussing the latest results from the January survey of businesses and learn about how they are dealing with current challenges. Register here: https://bit.ly/3LH3NmF
Investors seeking haven in U.S. assets drive currency rates, hamper global economic growth, new research brief
Updated research from our Research Director Andrea Raffo and co-authors: Integrating global “flight-to-safety” shocks into a standard macro model helps explain global economic patterns and resolve the “exchange rate puzzle.” https://bit.ly/4buV7u8
15.01.2026 21:46 — 👍 2 🔁 1 💬 0 📌 0The Ninth District's economy is balancing ups and downs in these uncertain times. Our latest Beige Book recap video hits on hiring trends, policy change impacts, retail insights, immigration enforcement, and more. View the full report here: https://bit.ly/4qZytyJ
14.01.2026 21:34 — 👍 2 🔁 1 💬 0 📌 0
In a @nytimes.com article, President Kashkari reiterates the importance of Fed independence and shares his view on the path of interest rates. Read more: https://nyti.ms/4jFQLlS
14.01.2026 19:11 — 👍 2 🔁 1 💬 0 📌 1
LIVE NOW: President Kashkari is participating in a virtual town hall with the Wisconsin Bankers Association. Tune in to the livestream: https://www.minneapolisfed.org/live
14.01.2026 16:56 — 👍 2 🔁 2 💬 0 📌 0
President Kashkari will be participating in a virtual town hall with the Wisconsin Bankers Association this morning 11-11:45am CT. This event will be livestreamed on our website: https://www.minneapolisfed.org/live
14.01.2026 14:53 — 👍 2 🔁 1 💬 0 📌 0
Video message from Federal Reserve Chair Jerome H. Powell:
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
LIVE now: Regional Economic Conditions Conference. To start, President Kashkari will speak with Xcel Energy CEO Bob Frenzel on energy sector challenges, followed by panels from across the Ninth District. View the livestream here: https://bit.ly/3sRd0d9
09.01.2026 14:57 — 👍 4 🔁 1 💬 0 📌 0
We are hosting our ninth Regional Economic Conditions Conference today. President Kashkari will speak with Xcel Energy CEO Bob Frenzel on energy sector challenges, plus panels from across the Ninth District. Tune in live 9am-12:05pm: https://bit.ly/3sRd0d9
09.01.2026 14:01 — 👍 2 🔁 2 💬 0 📌 0
If you ever wondered how the fundamental tool of monetary policy, and that's open market operations, came to be, here's some history on central bank plumbing work.
08.01.2026 21:22 — 👍 3 🔁 1 💬 0 📌 0
On left is a photo of Xcel Energy CEO Bob Frenzel, on right is a photo of pink skies with power lines spanning
Join us 1/9 for our 9th annual Regional Economic Conditions Conference. Xcel Energy CEO Bob Frenzel will join President Kashkari to discuss energy sector trends, with panel discussions featuring voices from across the Ninth District. For full event info: https://bit.ly/3Mcm0IO
Top 1% of U.S. households hold 35% of wealth and 22% of income. Meanwhile, relative wealth of younger Americans continues decline. In our new QR: Moritz Kuhn @mokuhn.bsky.social & José-Víctor Ríos-Rull have a comprehensive review of financial inequality post-COVID. https://bit.ly/3XPH7Df
06.01.2026 16:47 — 👍 2 🔁 1 💬 0 📌 0Join the livestream now for reflections on Bill Spriggs’ contributions to economic policy. Institute Director Abigail Wozniak moderates with Neel Kashkari, Lawrence Mishel, Economic Policy Institute; William Rodgers III, Kasey Buckles, and Robynn Cox: https://bit.ly/3sRd0d9
04.01.2026 17:45 — 👍 2 🔁 1 💬 0 📌 0Great chance right now to learn about and honor the contributions to economics by Dr. Bill Spriggs at #ASSA2026. Live conversation hosted by LERA and @minneapolisfed.bsky.social and includes our Institute Director Abbie Wozniak and Minneapolis Fed president Neel Kashkari. minneapolisfed.org/live
04.01.2026 18:10 — 👍 1 🔁 0 💬 0 📌 0
LIVE NOW! Honoring Dr. William Spriggs at #ASSA2025: A panel on his lasting impact in labor economics & policy, featuring Neel Kashkari, Abigail Wozniak, Lawrence Mishel, Cecilia Conrad, William Rodgers III & Kasey Buckles. Livestream available here: https://www.minneapolisfed.org/live
04.01.2026 17:45 — 👍 4 🔁 3 💬 0 📌 0
TODAY! Honoring Dr. William Spriggs at #ASSA2025: A panel on his lasting impact in labor economics & policy, featuring Neel Kashkari, Abigail Wozniak, Lawrence Mishel, Cecilia Conrad, William Rodgers III & Kasey Buckles. Tune in to view live 11:50am-12:50pm CT: https://www.minneapolisfed.org/live
04.01.2026 14:30 — 👍 1 🔁 1 💬 0 📌 0
Events honoring Bill Spriggs' contributions to policy, economics, and the economics profession, January 3 & 4, 2026, ASSA annual conference Philadelphia Find these events by searching "Spriggs" at aeaweb.org/conference/2026/program
#ASSA2026 attendees, join the Institute, LERA & @neaecon.bsky.social in celebrating the many contributions of Bill Spriggs to economics at two paper sessions plus luncheon plenary. Program committee Abigail Wozniak, Robynn Cox, Jesse Rothstein, and Omari Swinton. https://bit.ly/4pkJN7M
02.01.2026 18:48 — 👍 2 🔁 2 💬 0 📌 0
An aerial night view of Rapid City, South Dakota
Rapid City, South Dakota is hundreds of miles from the nearest city of comparable size. Yet, it’s a destination for thousands of people from tourists to retirees. Why is that? @tuuyentran.bsky.social shares in his new article: https://bit.ly/45n5493
02.01.2026 19:47 — 👍 1 🔁 1 💬 0 📌 0
A diverse group of BEE interns is seated around a long table in a classroom with chalkboards, engaged in a discussion while using laptops.
What was our #1 post for the year?
The Broadening Excellence in Economics (BEE) initiative post!
Our most popular content featured our interns, specifically the interns who participated in a new program in partnership with the University of MN.
Learn about the BEE program https://bit.ly/48XRAl6
On left is a photo of Xcel Energy CEO Bob Frenzel, on right is a photo of pink skies with power lines spanning
Join us 1/9 for our 9th annual Regional Economic Conditions Conference. Xcel Energy CEO Bob Frenzel will join President Kashkari to discuss energy sector trends, with panel discussions featuring voices from across the Ninth District. For full event info: https://bit.ly/3Mcm0IO
In our new Quarterly Review, Nobel laureate Tom Sargent (@nyu.edu) & Ziyue Yang (Australian National University) continue to explore the potential for AI to take on fundamental macro questions like Calvo's dilemma--while showing the continued essential role of economists. https://bit.ly/4im256g
29.12.2025 14:16 — 👍 1 🔁 1 💬 0 📌 0
Map of the U.S. showing fiscal progressivity by state from 2015-2016, categorized by color: blue for regressive and gold for progressive taxation. The chart indicates varying degrees of tax progressivity, with a baseline measure of 0.195. Data is referenced from a study by Fleck, Heathcote, and Storesletten on the distribution of income and tax burdens across households of different sizes and incomes.
Continuing with our Top 5 of 2025 post ⬇️
#2: Minneapolis Fed research
One article that gained widespread attention was a research brief written by Senior Writer @jeffhorwich.bsky.social about taxes. Read it here: https://bit.ly/4k1HpAV
