Minneapolis Fed
@MinneapolisFed
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Serving the Ninth Federal Reserve District: MN, MT, ND, SD, 26 counties in northwestern WI, and the UP of Michigan. RTs ≠ endorsements.
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Are you getting all our content? Make sure to follow us on these social platforms as well for the latest news, articles, and information from the Minneapolis Fed.
15
6
12
“Almost everywhere I go, businesses tell me they can’t find workers. I always ask them the same question: Are you raising wages? Usually, the answer is ‘no.’" More from
@neelkashkari
during his visit to Duluth-Superior in
@BusNorth
:
11
194
294
.
@seema_econ
spoke with Doug Clement and Anjali Nair about her wide-ranging research in the developing world and insights gained into gender parity, economic growth, and the pandemic’s impact in poor nations. Read the interview here:
1
43
137
Students from all over Minneapolis visited the
@MinneapolisFed
today to meet the
#HamiltonMSP
cast of
@HamiltonMusical
and learn more about Hamilton’s contributions to the central banking system.
4
18
137
Reparations, baby bonds and much more in this fascinating interview with
@SandyDarity
by
@minneapolisfed
Douglas Clement. Says Darity: “If you think something’s the right thing to do, then you pursue it.”
3
57
121
.
@neelkashkari
: "The U.S. working-age population has stagnated over the past decade … Immigration is as close to a free lunch as there is for America. Our welcoming culture provides us an unfair competitive advantage most countries would love to have.”
4
90
90
Look who was featured as the
#Hamilkids
of the week on the official
@HamiltonMusical
app! Congrats
@LundstrumCenter
!
#Hamilton4All
#Hamiltonmsp
#Hamiltonatthefed
3
5
76
25 economists gathered for a first of its kind conference: "[We wanted] a high-profile conference just as the ones we’re used to going to, but...instead of having all men, you have all women."
#WomenInMacro
3
31
76
It's Day One for
@AbigailWozniak
as the first leader of our Opportunity & Inclusive Growth Institute. Welcome Abbie!
#inclusivegrowth
#welcomeabbie
@MarkLJWright
@womeninecon
3
10
78
“The reason the economy bounced back as strongly as it did in June and July is because Congress was so aggressive in the spring. We need Congress to continue to be aggressive so that the recovery can be stronger.” -
@neelkashkari
on
@FaceTheNation
14
31
73
“Until we have that real evidence that it’s safe, we’re not going to have a meaningful economic recovery.” -
@neelkashkari
this morning with
@jdickerson
on
@FaceTheNation
.
2
26
66
The fifth installment of our
#RacismandtheEconomy
virtual series is focused on how racism affects the people and practice of economics. For agenda, list of speakers, and to register for the April 13 event visit:
1
37
64
Roses are red
On ending Too Big To Fail, we cannot rest
So the public better watch large banks
By doing their own stress test
#FedValentines
28
21
65
“So the restitution has never been given, and it’s 155 years overdue.” -
@SandyDarity
,
#MinneapolisFed
Opportunity & Inclusive Growth Board Member, quoted in
@nhannahjones
's
@NYTmag
article addressing wealth inequality, reparations, & why now is the time.
12
31
60
The evolving art & science of
#Fed
communication, pinpointing the pain of
#inflation
, and the upside of losing your home to a lava field:
@UCBerkeley
/
@nberpubs
macroeconomist
@JonSteinsson
explores this and much more in conversation w/
@jeffhorwich
0
16
64
Announcing the 13th president of the Minneapolis Fed, Neel Kashkari. More info:
19
78
57
For
#BlackHistoryMonth
,
#OIGI
celebrates visiting scholar
@and_joy_
Abdoulaye Ndiaye. His research on redistributive tax policy and reforms to the Social Security program offer important insights for addressing income inequality.
0
17
58
“I don’t see how we stay a great country if we continue to allow the majority of our children of color to not be able to get a quality education. If you love this country, you’ve got to love education reform.” Geoffrey Canada, president of
@hczorg
#RacismandtheEconomy
4
22
60
"Racism has been lodged in home values, in credit scores and zip codes, and the types of credit and capital available."
@MehrsaBaradaran
during first panel of today's
#RacismandtheEconomy
event. Watch live:
2
35
54
Today homelessness is an acute disaster for some and a nuisance for others. The conditions that create it, however, matter deeply for all 330 million Americans who share a simple reality: People need a place to live.
Read
@agoodmanbacon
's For All article:
0
16
59
Can the minimum wage combat employers’ labor market power? There are reasons we might want a higher minimum wage, but this does not appear to be one of them. Minneapolis Fed’s
@Simon_Mongey
on his research w/
@KyleHerkenhoff
&
@David_W_Berger
. Read more:
0
18
54
For All, a magazine from the
#MinneapolisFed
’s Opportunity & Inclusive Growth Institute, includes spotlights of scholars, their research, and work. See a recent scholar spotlight featuring
@EDerenoncourt
:
1
19
52
Monetary/Fiscal Interactions 40 Years after "Unpleasant Monetarist Arithmetic"
Speakers for 11/4-11/5 event include Thomas Sargent (
@nyuniversity
), Neil Wallace (
@PennState
), & Minneapolis Fed's
@cristinarellano
&
@TimTkehoe
. For info & to register:
1
18
52
Happening now! Join in the conversation and ask your questions during today's virtual event using
#RacismandtheEconomy
. To watch event live and for full info, visit page:
10
27
51
For
#BlackHistoryMonth
,
#OIGI
celebrates visiting scholar Sophie Osotimehin, who studies sources of countries’ productivity. She analyzed how Covid’s health & economic risks to workers spread across sectors due to supply chains:
0
17
49
Why do couples keep building savings long into their 80s? How do bequests encourage us to save more for medical costs? Do we enjoy $$ less as we get older?
@M_De_Nardi
of
@HellerHurwicz
&
@OIGInstitute
untangles the essential economics of aging & health.
1
12
47
2019 John Bates Clark medal winner Emi Nakamura’s interview with
#MinneapolisFed
’s Managing Editor Doug Clement explores her research, monetary policy effectiveness, COVID-19 consequences, and more.
0
22
48
A new volume of Quarterly Review out now! Hear from
@andyneumeyer
, Martin Uribe, Maurice Obstfeld, John Taylor
@EconomicsOne
, and
@carmenmreinhart
on the many contributions of Guillermo Calvo to modern macroeconomic theory.
#EconTwitter
0
16
48
Today
@MinneapolisFed
sent a letter to
@federalreserve
opposing its plan to relax regulations for large banks. “The proposed rule-making would weaken the resiliency of large banks at a time when it should be strengthened.” Read the letter here
#EndingTBTF
2
31
42
The late, Nobel-winning economist Robert Lucas (
@UChicago
) influenced many who continue path-breaking economics at the Minneapolis Fed. We honor and remember him, his work, and his contribution to the economics profession and the Minneapolis Fed:
1
14
47
President
@neelkashkari
responds to concerns about inflation in an interview this morning with
@PoppyHarlowCNN
:
18
8
44
Making a difference as an economist: Opportunity & Inclusive Growth Director
@AbigailWozniak
, Assistant Director Alessandra Fogli (
@afogli001
), and Advisory Board member
@drlisadcook
on using economics to impact public policy:
#womenineconomics
2
11
45
Dot-plot every meeting? "Treat the market as adults & get everybody used to the fact that forward guidance is something the Fed does every time. It's not a commitment; it’s what they think is the appropriate policy going forward." More from
@JonSteinsson
0
15
45
The
@AtlantaFed
,
@BostonFed
, and Minneapolis Fed are partnering to highlight the economic implications of racism in the US and identify solutions. Learn more about this event series and sign up for info about future sessions.
#RacismandtheEconomy
1
15
44
1
15
44
Do low-income households gain or lose more from international trade? Look beyond the labor market, says Michael Waugh (
@tradewartracker
) and you'll find dramatic gains to poor households as consumers.
@JeffHorwich
sums up our recent staff report.
0
12
41
2019 John Bates Clark medal winner Emi Nakamura’s interview with
#MinneapolisFed
’s Managing Editor Doug Clement explores her research, monetary policy effectiveness, COVID-19 consequences, and more.
1
23
44
Who says the
@MinneapolisFed
can't have fun and be cuddly? Today was our
#DogaPawlooza
& Bank employees, their families & 4-legged friends gathered for an unusual FOMC meeting: the Federal Open Mutt Committee.
6
7
41
The Four Horsemen of the Economic Revolution — Prescott, Sargent, Sims, Wallace — are in the house, along with an amazing crowd of more than 500. All celebrating the 50-year partnership of the
@MinneapolisFed
&
@UMNews
.
#GoldenPartnership
1
10
41
2
11
40
Roses are red
You're the wind in my sail
It's time to address Too Big To Fail
Happy Valentine's Day from
@MinneapolisFed
#FedValentine
#EndingTBTF
1
14
39
Wednesday's
#RacismandtheEconomy
: Focus on the Wealth Divide event features a stellar line up of speakers including
@MehrsaBaradaran
,
@SandyDarity
, and
@DorothyABrown
. For the full speaker list, event information, and to register, visit:
1
16
35
Our law enforcement officers helping out and dropping off a donation of masks today- while maintaining social distance!
#MplsFedLE
#TODAYHeroes
2
10
35
Big congrats to
@MinneapolisFed
's very own
@mesudec
for being named one of Minnesota's 2018 Top Women in Finance by Finance and Commerce!
@BusinessMN
#womeninfinance
0
5
38
The 12 Federal Reserve Banks are hosting
#RacismandtheEconomy
, a series that examines the economic impact of racism & advances ideas & actions to achieve an equitable economy. The 5th installment will focus on racism in economics profession.
#EconTwitter
1
28
38
Thanks to
@ClevelandFed
president Loretta Mester and
@KansasCityFed
president Esther George for joining us
@MinneapolisFed
for a discussion about women in leadership!
0
11
36
Congratulations to Esther Duflo for her
#nobelprize
today. We had the privilege of interviewing Prof Duflo a few years back. Learn more about her research and her work on poverty, women’s empowerment and development economics.
0
19
37
Congratulations to our very own
@RobGrunewald
. An honor that is much deserved.
#earlychildhood
Last night in DC:
@federalreserve
Chair Jerome Powell presented
@MinneapolisFed
's
@RobGrunewald
w the Janet L. Yellen Award for Excellence in Community Development. Learn about the
#ECD
work that earned Rob this honor at
#InvestEarly
#earlychildhood
0
5
17
0
5
37
After reading this Op-Ed, please attend on August 22 a special conversation with "The Four Horsemen of the Economic Revolution," moderated by
@artrolnick44
. RSVP here.
OPINION EXCHANGE | In Minnesota, an economics research revolution 50 years strong
1
6
18
0
11
36
The next
#RacismandtheEconomy
event is on July 13 and will focus on how racism in the
#criminaljustice
system impacts the economy and will advance ideas aimed at improving economic outcomes for all Americans. For more information and to register:
0
20
35
One month in, Director
@AbigailWozniak
offers an essay that reveals an ambitious and exciting vision for the Opportunity & Inclusive Growth Institute.
2
17
35
"Women and underrepresented minorities are looking for some inspiration. How does it relate to my life? We’ve got to make economics interesting." Read more from
@drlisadcook
on invention gaps, hate-related violence, discrimination, and more.
#theregion
0
23
35
“The possible beginnings of a sea change.”
@drlisadcook
quoted in
@nytimes
article on
#metoo
in economics. . For more insights from Cook, read
@MinneapolisFed
interview by Douglas Clement.
0
10
33
President
@neelkashkari
was a guest on Odd Lots podcast this week, speaking to
@TheStalwart
and
@tracyalloway
about the Fed's commitment to defeating
#inflation
and why he cautions against declaring victory over inflation prematurely.
3
4
32
Fascinating, entertaining and educational listening on latest
@planetmoney
about
@federalreserve
history.
On today’s show, the Chair of the Federal Reserve takes on the President of the United States, and is met with fury… and maybe fists.
5
3
21
1
20
33
“If we are to break out of the cycle that we are in, the system has to change. The system that systematically holds children of color down, keeps them back... that system has to change.” - Justice
@ACPage_77
#RacismandtheEconomy
2
14
32
Minnesota Attorney General
@AGEllison
will join
@neelkashkari
for a conversation as part of July 13's
#RacismandtheEconomy
: Focus on Criminal Justice event. Event is free and open to the public. For agenda and to register, visit:
2
13
32
This Thursday night at 7 pm. “Inequality in America: 10 years after the Great Recession.” Join
@MinneapolisFed
Monetary Advisor Fabrizio Perri as he leads a Conversation with the Fed on this pressing issue. Sign up for a tour before the discussion.
1
13
32
In 2000, Doug Clement joined us and, as our managing editor, has conducted interviews w/some of the industry’s most accomplished economists. Read Doug's 2017 interview w/
@HilaryHoynes
in which she talked about her work and importance of poverty research.
0
12
29
For
#BlackHistoryMonth
,
#OIGI
celebrates visiting scholar
@RobynnCox
. Robynn's research offers policy prescriptions for addressing racial disparities in the criminal justice system and improving employment, health, & housing of the formerly incarcerated.
1
14
30
.
@neelkashkari
in Worthington, MN: “Personally, I’m in favor of economic growth …” as he explains the math of economic growth and the powerful impact of immigration on the path of growth for the U.S. Watch live: .
1
12
28
@PremiumFrye
@Marketplace
@theindicator
If using "banging" in our Beige Book report is wrong, we don't want to be right.
0
5
30
Lars Peter Hansen, whose handle is
@UncertainLars
spoke, of course, about uncertainty.
#GoldenPartnership
2
5
30
"If we're going to leave people on the sidelines, we're hurting them, but we're also hurting our economy's potential. I make no apologies for us having this conversation and we're more committed to this than ever."
@neelkashkari
addressing Fed's dual mandate
#RacismandtheEconomy
15
9
29
Early childhood learning and its powerful economic development outcomes. This has been
@RobGrunewald
passion for more than 15 years, and we profile him, hear him speak, and present new research.
@NAZMpls
@mplswaytogrow
@artrolnick44
@iambenaustin
0
22
29
Minneapolis Fed President
@neelkashkari
spoke with
@LeeASchafer
about the
@OIGInstitute
, improvements to the Beige Book, and other ways we are working to listen to more voices.
13
17
29
Thanks
@RepErikPaulsen
,
@keithellison
,
@amyklobuchar
&
@RepTomEmmer
for a great conversation today w/
@MinneapolisFed
Board of Directors and senior leaders, including
@neelkashkari
&
@ronjfeldman
. Important discussion about labor, affordable housing & the economy.
2
11
26
Thank you
@RepDeanPhillips
for the visit and great conversation with
@neelkashkari
@MarkLJWright
@Atchourumoff
and other
@MinneapolisFed
leaders about our regional economy, immigration, minimum wage, and diversity and inclusion, including our active internship program.
0
4
28
To honor
@womensday
, the staff of
@MinneapolisFed
gathered to celebrate our commitment to diversity and inclusion.
0
11
27
We're excited to announce that Alene Tchourumoff will join
@minneapolisfed
as our Senior Vice President of Community Development and Engagement.
4
3
28
Staff from
@MinneapolisFed
are ready for today’s
@TwinCitiesPride
parade in Minneapolis. Come join us.
#TwinCitiesPride
#LGBTQ
#9pride
1
10
26
Conversations with the Fed: The Complex Economics of Growing Old
August 31, 10-10:45am
@OIGInstitute
Consultant
@M_De_Nardi
works to decipher our patterns of saving and spending in old age. Event moderated by Senior Econ Writer
@JeffHorwich
. To register:
0
6
27
@BostonFed
@philadelphiafed
Well, here in Minneapolis, we prefer wild rice soup or a juicy lucy, but good luck to
@BostonFed
and
@philadelphiafed
!
#vikings
#BoldNorth
1
9
25
Nancy Stokey didn't mince her words. Of all the
@federalreserve
banks, she said over the years the
@minneapolisfed
Research Department has been the leader -- "the best ... the highest quality." Hard to argue with that!
#GoldenPartnership
1
6
27
The myth of the rising tide: Economic growth doesn’t guarantee economic inclusion, but ensuring inclusion can lead to growth. Read more from
@agoodmanbacon
in the NEW issue of For All magazine from the
@OIGInstitute
.
1
8
26
Join
@AtlantaFed
,
@BostonFed
, and Minneapolis Fed for a series of virtual events,
#RacismandtheEconomy
. The series will examine the economic impact of racism and advance ideas and actions to achieve an equitable economy. Register for first event on 10/7:
1
17
26
It's
#PrideMonth
at
@MinneapolisFed
and we're celebrating and proud to be named by
@HRC
2019 Best Place to Work for LGBTQ Equality.
0
8
26
Hear from Presidents
@neelkashkari
,
@RaphaelBostic
, and
@BostonFed
’s Eric
#Rosengren
during the first
#RacismandtheEconomy
event on October 7 at 12 p.m. CT. Learn more about the series and register here:
0
13
25
June 19, 1865, 2.5 years after the Emancipation Proclamation, Union soldiers reached Galveston, TX with news that the war ended and all enslaved people were now free. Today is the 155th anniversary of the first
#Juneteenth
celebration- a day for commemoration and education.
1
15
26
Thanks
@RepPeteStauber
for your visit and great conversation with
@neelkashkari
@Atchourumoff
and
@MarkLJWright
about monetary policy, the regional economy, and
@federalreserve
dual mandate of price stability and maximum employment.
3
9
25
#MinneapolisFed
employees are proudly sporting their masks and doing what they can to help slow the spread of
#COVID19
.
Keenan is deaf, so her mask has a transparent mouth area to help make communication easier. (And we can see her smile!)
#WearAMask
#ShowUsYourMask
0
4
26
Record government debt poses big risks w/ inflation and recession lurking. Today
@cristinarellano
@JavierBianchi7
& Manuel Amador host our timely research conference w/ top economists on sovereign debt. This
@JeffHorwich
piece will get you up to speed.
0
3
24
What are the odds of a "soft landing" for the U.S. economy? 🛬 It could hinge on job-matching, excess job openings, and a nifty chart named for an economist born in 1879. Econ writer
@JeffHorwich
and economists like our
@Simon_Mongey
are watching closely!
0
6
24
Look what we officially have in circulation in the Ninth Federal Reserve District: the newly released
#MayaAngelou
Quarter from the
@usmint
! For more information on this and the other quarters in the American Women Quarters Program, visit:
1
2
25
We are very excited to have two powerhouse women join
@MinneapolisFed
. Congrats to
@AbigailWozniak
and
@Atchourumoff
on their new roles. To learn more about them visit our homepage
1
8
24
“We don’t have the luxury to continue to do what we have been doing for the last 40 years with limited results.” -
@ACPage_77
on why our children and their outcomes must come first.
#mnleg
#achievementgaps
1
9
24
Join
@neelkashkari
for Twitter Q&A tomorrow, 11/29, at 2:30p CT, as he answers your questions.
#AskNeel
13
17
24
Director of the Opportunity & Inclusive Growth Institute
@AbigailWozniak
discusses her work with the
@COVIDImpact
Survey in the new issue of
#ForAll
magazine. Read this article and more from the current issue:
#OIGI
0
5
25
Congratulations to Opportunity & Inclusive Growth Director
@AbigailWozniak
on being named to the
@Moneyball4Gov
Academic All-Stars. So were
#OIGI
advisory board members
@davidautor
& Raj Chetty.
Please join us in welcoming our newest
#Moneyball4Gov
Academic All-Stars! ⚾ Together, they join a growing
#bipartisan
list of over 245 leaders advancing
#whatworks
to improve
#outcomes
for Americans. Learn more here 👉
0
4
7
1
5
25
"Unemployment Isn’t What It Used to Be," writes
@neelkashkari
in a new
@WSJopinion
Op-Ed, The low rate doesn’t take account of low labor-force participation. Wages are a better indication of slack.
7
12
24
Soaring food bill for that pandemic pup & quarantine cat? Overall
#Inflation
is trending lower but
#PetFood
is purring right along. In a new "Basket,"
@JeffHorwich
finds supply factors collide with the pandemic pet surge & marketing aimed at a soft spot for our fur babies.
3
5
23
"The homeownership gap between Black and White Americans is as large today as it was when redlining was legal. In fact, White households are 71% more likely to own their homes and Black households."
@ItsLisaRice
of
@natfairhouse
#RacismandtheEconomy
1
14
23
Kashkari: I believe the biggest banks are still too big to fail and continue to pose a significant, ongoing risk.
#EndingTBTF
6
33
21
“I keep asking myself, what kind of absurd financial system do we have that requires the central bank to bail it out every decade? How can it possibly be this fragile?” -
@neelkashkari
at
@CouncilInstInv
#CIIFall20
11
7
24
It's official:
#iPhone14
models are here (though without the typical price hikes). Smartphones are expensive as ever 📱 yet
#inflation
stats show prices sinking like a stone. 📉 What gives?
@jeffhorwich
places a call to
@BLS_gov
to sort it out for our new episode of The Basket.
11
6
22