News reports on the K-shaped economy have relied heavily on one private data source. What does it actually measure, and what do other sources have to say? @JeffHorwich reviews the data on U.S. consumers and finds the "K-shaped" evidence decidedly mixed. https://t.co/WG9CvPKnNo
"I've got great admiration for Chair Powell as a central banker, as our leader, and as our colleague."
Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, talks to CNN's Erin Burnett about his confidence in Federal Reserve Chairman Jerome Powell as the Trump administration moves forward with its unprecedented criminal investigation into Powell.
The implications that President-elect Trump's proposed mass deportation plan would have on inflation "are not entirely clear," @MinneapolisFed President @neelkashkari says, but adds that it "would probably cause some disruption" for businesses that may lose employees.
Kashkari says that it ultimately will be between the business community, Congress and the White House "to figure out how they would adjust."
Congratulations to Daron Acemoglu (@DAcemogluMIT), Simon Johnson (@baselinescene), and James A. Robinson for winning the 2024 #NobelPrize for Economics!
Read our 2011 interview with Acemoglu here: https://t.co/XCvh3g5UPb
As the Fed brought down inflation, the steep drop in job openings has been seen as a crucial cushion for the "soft landing." Analysis by our @Simon_Mongey finds job vacancies were never as high as it seemed -- and the labor market is fully back to earth. https://t.co/l0UNIOIyz6
Minneapolis Fed President Neel Kashkari says his SEP rate projection aligned with the median submission that had 50 bps lower last week and another 50 bps more thru 2024 https://t.co/aFoJyjfDkr
How are businesses in the services sector feeling about the current economy and the near future?
Join Joe Mahon on 8/2 for a free webinar discussing the latest results from a midyear survey of services firms (done in partnership with @mndeed). Register: https://t.co/ffrwVplogP
Today the #MNStateFair announced the new foods list for this year's fair. What food will you be trying when you stop by our booth? Come visit us in the Education Building August 22-September 2! https://t.co/1vuFvXHzib
If you lost your income today, do you have enough money set aside for 3 months? Almost 1/2 of Americans do not. As @JeffHorwich writes, the economy is resilient by many measures, but latest readings on "rainy day" readiness complicate the picture. Article- https://t.co/ODL97vSXK9
Check out @ErickGarciaLuna and Joe Mahon's two-minute take on our region's #BeigeBook report for May. The theme? The Ninth District economy is getting ready for summer. 😎
Find the full report here: https://t.co/xapiZanFO3
Thanks @StarTribune for featuring unique income data from @MinneapolisFed's @OIGInstitute in this informative series. Great to see our work helping to deepen insights about our community!
Minnesotans are among the Americans least likely to move out of their current bracket. Those who start at the bottom here tend to stay at the bottom, and those who start at the top tend to stay at the top. https://t.co/J6SPgsc7Gd
"R-star" a.k.a. the "neutral rate" is a wonky notion economists and econ journalists take for granted. But what is this mythical interest rate? Why does it matter for monetary policy? Where does the ⭐️ come from? Got 2 minutes? Join @JeffHorwich to become a little more FedFluent!
Minneapolis Fed President @neelkashkari moderated a discussion with former chairman and CEO of IBM @GinniRometty at the @EconomicClubMN earlier today. You can view the event recording here: https://t.co/B5DAKdWElL
How are manufacturers feeling about the current economy and the near future? Join us for a live virtual event on 2/2, 9-9:30am CT as Regional Economist Joe Mahon discusses findings from a recent survey done in partnership with @mndeed. To register: https://t.co/Ve7H3X4x0l
STARTING SOON! Today's Regional Economic Conditions Conference will be livestreamed on our website 9am-12:05pm CT today. Event begins with a fireside chat with @neelkashkari and @MAMortensonCO Chairman David Mortenson. Tune in ⬇️
https://t.co/K1oQi8lDeT