Minneapolis Fed
@minneapolisfed.bsky.social
We serve the public by pursuing a growing economy and stable financial system that work for all of us. Serving the Ninth Federal Reserve District.
Housing values have narrowed wealth inequality between top & middle, but top 1% of U.S. households still hold 35% of wealth. Our new QR features a comprehensive review of financial inequality post-COVID from Moritz Kuhn (@mokuhn.bsky.social) & José-Víctor Ríos-Rull. https://bit.ly/3XPH7Df
December 8, 2025 at 5:59 PM
Housing values have narrowed wealth inequality between top & middle, but top 1% of U.S. households still hold 35% of wealth. Our new QR features a comprehensive review of financial inequality post-COVID from Moritz Kuhn (@mokuhn.bsky.social) & José-Víctor Ríos-Rull. https://bit.ly/3XPH7Df
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
December 8, 2025 at 3:51 PM
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
Thanks to Anusha N. for this week's Views from the Ninth employee photo submission, taken of the Mississippi River, near our building in #Minneapolis.
December 8, 2025 at 12:15 AM
Thanks to Anusha N. for this week's Views from the Ninth employee photo submission, taken of the Mississippi River, near our building in #Minneapolis.
Regional Economic Conditions: Construction
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 5, 2025 at 7:53 PM
Regional Economic Conditions: Construction
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
New research: Models w/ richer micro-foundations imply as much as 50% more harm from trade barriers. Our economist Mike Waugh & @simonovska.bsky.social subject canonical trade models to actual price data to pin down welfare FX of trade. https://bit.ly/3LWi2nC
December 5, 2025 at 6:54 PM
New research: Models w/ richer micro-foundations imply as much as 50% more harm from trade barriers. Our economist Mike Waugh & @simonovska.bsky.social subject canonical trade models to actual price data to pin down welfare FX of trade. https://bit.ly/3LWi2nC
This year, state-level actions to ease housing production have included tweaking land use rules, reforming development-approval processes, and revising building codes. Read our summary of the changes: https://bit.ly/44t6puv
December 4, 2025 at 9:07 PM
This year, state-level actions to ease housing production have included tweaking land use rules, reforming development-approval processes, and revising building codes. Read our summary of the changes: https://bit.ly/44t6puv
Calvo famously framed monetary policy as the balance btw protecting the value of money and the pain of doing so. In our new QR, Tom Sargent & Ziyue Yang use recursive dynamic programming to show how AI tackles this dilemma—and what it misses. https://bit.ly/4im256g #EconSky
December 3, 2025 at 6:54 PM
Calvo famously framed monetary policy as the balance btw protecting the value of money and the pain of doing so. In our new QR, Tom Sargent & Ziyue Yang use recursive dynamic programming to show how AI tackles this dilemma—and what it misses. https://bit.ly/4im256g #EconSky
Join us 1/9 for our 9th annual Regional Economic Conditions Conference. Xcel Energy CEO Bob Frenzel will speak with President Kashkari on energy sector trends. Event will also include panel discussions with reps from across our district.
Register: https://bit.ly/3Mcm0IO #EconSky
Register: https://bit.ly/3Mcm0IO #EconSky
December 3, 2025 at 4:45 PM
Join us 1/9 for our 9th annual Regional Economic Conditions Conference. Xcel Energy CEO Bob Frenzel will speak with President Kashkari on energy sector trends. Event will also include panel discussions with reps from across our district.
Register: https://bit.ly/3Mcm0IO #EconSky
Register: https://bit.ly/3Mcm0IO #EconSky
Regional Economic Conditions: Construction
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 1, 2025 at 2:10 PM
Regional Economic Conditions: Construction
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
This week's Views from the Ninth employee photo submission pays tribute to the westernmost part of the Ninth District. (As well as a nod to some football this Thanksgiving weekend.)
Taken 11/22 at the "Brawl of the Wild" game in Missoula, #Montana
🏈 Univ of MT vs MT State Univ
📸 : Carmen L.
Taken 11/22 at the "Brawl of the Wild" game in Missoula, #Montana
🏈 Univ of MT vs MT State Univ
📸 : Carmen L.
November 30, 2025 at 11:49 PM
This week's Views from the Ninth employee photo submission pays tribute to the westernmost part of the Ninth District. (As well as a nod to some football this Thanksgiving weekend.)
Taken 11/22 at the "Brawl of the Wild" game in Missoula, #Montana
🏈 Univ of MT vs MT State Univ
📸 : Carmen L.
Taken 11/22 at the "Brawl of the Wild" game in Missoula, #Montana
🏈 Univ of MT vs MT State Univ
📸 : Carmen L.
Holiday hiring is taking a hit this year. Our Beige Book report shows a smaller bump in seasonal employment and a sluggish job market. Stay informed with our latest insights and check out our Beige Book video recap. Find the full report here: https://bit.ly/4rlbkaQ
November 28, 2025 at 8:11 PM
Holiday hiring is taking a hit this year. Our Beige Book report shows a smaller bump in seasonal employment and a sluggish job market. Stay informed with our latest insights and check out our Beige Book video recap. Find the full report here: https://bit.ly/4rlbkaQ
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
November 28, 2025 at 4:07 PM
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
Wishing everyone a safe, healthy, and happy Thanksgiving. 🦃 🍂
November 27, 2025 at 2:13 PM
Wishing everyone a safe, healthy, and happy Thanksgiving. 🦃 🍂
Holiday hiring is taking a hit this year. Our #BeigeBook report shows a smaller bump in seasonal employment and a sluggish job market.
Our recap video serves up more insights to our regional economy, preparing you for economic discussions around the holiday dinner table. https://bit.ly/4rlbkaQ
Our recap video serves up more insights to our regional economy, preparing you for economic discussions around the holiday dinner table. https://bit.ly/4rlbkaQ
November 26, 2025 at 9:38 PM
Holiday hiring is taking a hit this year. Our #BeigeBook report shows a smaller bump in seasonal employment and a sluggish job market.
Our recap video serves up more insights to our regional economy, preparing you for economic discussions around the holiday dinner table. https://bit.ly/4rlbkaQ
Our recap video serves up more insights to our regional economy, preparing you for economic discussions around the holiday dinner table. https://bit.ly/4rlbkaQ
Research, insights, and event information. Sign up today for the Economic Research Newsletter and receive a quarterly email with the latest from our Research Division. https://bit.ly/4cYJw3C
November 26, 2025 at 7:48 PM
Research, insights, and event information. Sign up today for the Economic Research Newsletter and receive a quarterly email with the latest from our Research Division. https://bit.ly/4cYJw3C
Regional Economic Conditions: Construction
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
November 26, 2025 at 4:14 PM
Regional Economic Conditions: Construction
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
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
November 25, 2025 at 8:15 PM
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
How harmful are #tariffs to welfare? The answer hinges on a key parameter: trade elasticity. Michael Waugh and @simonovska.bsky.social run canonical trade models on actual price data and find richer micro-foundations imply more harm from trade barriers. https://bit.ly/3LWi2nC #EconSky
November 24, 2025 at 9:17 PM
How harmful are #tariffs to welfare? The answer hinges on a key parameter: trade elasticity. Michael Waugh and @simonovska.bsky.social run canonical trade models on actual price data and find richer micro-foundations imply more harm from trade barriers. https://bit.ly/3LWi2nC #EconSky
Because we can't stop posting beautiful fall photos. 🍂
Thanks to Dena B. for this week's employee photo submission for Views from the Ninth. This photo was captured outside our building in #Minneapolis a couple of weeks ago when fall was in full swing.
Thanks to Dena B. for this week's employee photo submission for Views from the Ninth. This photo was captured outside our building in #Minneapolis a couple of weeks ago when fall was in full swing.
November 23, 2025 at 11:38 PM
Because we can't stop posting beautiful fall photos. 🍂
Thanks to Dena B. for this week's employee photo submission for Views from the Ninth. This photo was captured outside our building in #Minneapolis a couple of weeks ago when fall was in full swing.
Thanks to Dena B. for this week's employee photo submission for Views from the Ninth. This photo was captured outside our building in #Minneapolis a couple of weeks ago when fall was in full swing.
Regional Economic Conditions: Construction
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
November 21, 2025 at 7:51 PM
Regional Economic Conditions: Construction
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
Two export-heavy economies, two different growth paths: Unlike Mexico, China industrialized as it opened up, evolved its export mix, and benefitted from structural advantages like a stronger financial system. More in our new QR from Xing Xu & @tkehoe.bsky.social. https://bit.ly/3V2Ac8A
November 19, 2025 at 4:04 PM
Two export-heavy economies, two different growth paths: Unlike Mexico, China industrialized as it opened up, evolved its export mix, and benefitted from structural advantages like a stronger financial system. More in our new QR from Xing Xu & @tkehoe.bsky.social. https://bit.ly/3V2Ac8A
Regional Economic Conditions: Construction
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
November 18, 2025 at 7:06 PM
Regional Economic Conditions: Construction
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
December 12
9-9:30am CT
Join Regional Outreach Director @erickgarcialuna.bsky.social to discuss results from the fall survey of construction firms across the Ninth District.
Register here: https://bit.ly/49lgqxk
Conversations with the Fed: A decade of economic research and data innovation in Indian Country
November 20
10-11am CT
Join a conversation with Casey Lozar as he provides an overview of economic research and data advancements in Indian Country.
Register: https://bit.ly/4opyhaR
November 20
10-11am CT
Join a conversation with Casey Lozar as he provides an overview of economic research and data advancements in Indian Country.
Register: https://bit.ly/4opyhaR
November 17, 2025 at 3:57 PM
Conversations with the Fed: A decade of economic research and data innovation in Indian Country
November 20
10-11am CT
Join a conversation with Casey Lozar as he provides an overview of economic research and data advancements in Indian Country.
Register: https://bit.ly/4opyhaR
November 20
10-11am CT
Join a conversation with Casey Lozar as he provides an overview of economic research and data advancements in Indian Country.
Register: https://bit.ly/4opyhaR
Thanks to Tomas A. for this week's Views from the Ninth employee photo submission! This photo of the of the aurora borealis was taken in Stillwater, Minnesota.
Did you catch the #northernlights this week? Drop your photos below!
Did you catch the #northernlights this week? Drop your photos below!
November 16, 2025 at 11:17 PM
Thanks to Tomas A. for this week's Views from the Ninth employee photo submission! This photo of the of the aurora borealis was taken in Stillwater, Minnesota.
Did you catch the #northernlights this week? Drop your photos below!
Did you catch the #northernlights this week? Drop your photos below!
Conversations with the Fed: A decade of economic research and data innovation in Indian Country
November 20
10-11am CT
Join a conversation with Casey Lozar as he provides an overview of economic research and data advancements in Indian Country.
Register: https://bit.ly/4opyhaR
November 20
10-11am CT
Join a conversation with Casey Lozar as he provides an overview of economic research and data advancements in Indian Country.
Register: https://bit.ly/4opyhaR
November 13, 2025 at 5:07 PM
Conversations with the Fed: A decade of economic research and data innovation in Indian Country
November 20
10-11am CT
Join a conversation with Casey Lozar as he provides an overview of economic research and data advancements in Indian Country.
Register: https://bit.ly/4opyhaR
November 20
10-11am CT
Join a conversation with Casey Lozar as he provides an overview of economic research and data advancements in Indian Country.
Register: https://bit.ly/4opyhaR