The unemployment rate in the United States fell from 9.1 percent in the summer of 2011 to 8.3 percent in February.
Just Released: Chairman Bernanke Returns to His Academic Roots
Federal Reserve Chairman Ben Bernanke is back in the classroom this month to deliver a series of four lectures for undergraduate students at the George Washington School of Business in Washington, D.C.
The Changing Face of Foreclosures
The foreclosure crisis in America continues to grow, with more than 3 million homes foreclosed since 2008 and another 2 million in the process of foreclosure.
Just Released: January’s Indexes of Coincident Economic Indicators Show Fairly Robust Activity across the Region
The January Indexes of Coincident Economic Indicators for New York State, New York City, and New Jersey, released today, show fairly robust economic growth entering 2012.
Failure Is No Longer a (Free) Option for Agency Debt and Mortgage‑Backed Securities
A recommended charge on settlement fails for agency debt and agency mortgage-backed securities (MBS) took effect on February 1, 2012.
Grading Student Loans
Student loans support the education of millions of students nationwide, yet much is unknown about the student loan market.
Historical Echoes: Gee Whiz? No, G6—The First Modern International Economic Summit
These days, one way that leaders of the major economies can help prevent and resolve financial crises is by informally crafting solutions with their international counterparts.
Is Risk Rising in the Tri‑Party Repo Market?
At the New York Fed, we follow the repo market closely and, with some of my colleagues, I’ve tried to keep readers of this blog informed about how the market works, how it’s being reformed, and what risks remain.
How the High Level of Reserves Benefits the Payment System
Since October 2008, the Federal Reserve has increased the size of its balance sheet by lending to financial intermediaries and purchasing assets on a large scale.
Historical Echoes: American Consumerism, Then and Now, with Product Timeline
A paper by Delia Cabe, “Buying into the Future,” which appeared in the fall 2001 Radcliffe Quarterly, tells in an arresting way the story of how Americans became such big spenders.

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