Paul Wallace
@ptwall.bsky.social
Strategic comms @MinneapolisFed. Views are my own. Also active on Threads at https://threads.net/@ptwall.
Reposted by Paul Wallace
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
December 18, 2025 at 9:23 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
Reposted by Paul Wallace
Right after the pandemic, a sizzling job market was drawing people off the sidelines. Today non-participants are once again taking up the job search. But this time, writes @jeffhorwich.bsky.social, the pressures and the prospects are much different. https://bit.ly/48THtxH
December 17, 2025 at 5:09 PM
Right after the pandemic, a sizzling job market was drawing people off the sidelines. Today non-participants are once again taking up the job search. But this time, writes @jeffhorwich.bsky.social, the pressures and the prospects are much different. https://bit.ly/48THtxH
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Congratulations to our K9 officer, Ren, who is retiring from service after six years with the Minneapolis Fed! We had a party to celebrate, and it was extremely well attended, as employees from throughout the Bank—as well as her former handlers—joined the festivities.
December 17, 2025 at 7:19 PM
Congratulations to our K9 officer, Ren, who is retiring from service after six years with the Minneapolis Fed! We had a party to celebrate, and it was extremely well attended, as employees from throughout the Bank—as well as her former handlers—joined the festivities.
Reposted by Paul Wallace
What would income inequality look like if households did not sort by income and instead were randomly relocated across neighborhoods? Income inequality growth between 1980 and 2010 would be ~1/3rd lower. Our article explains: https://bit.ly/3MdPHJH
December 17, 2025 at 4:06 PM
What would income inequality look like if households did not sort by income and instead were randomly relocated across neighborhoods? Income inequality growth between 1980 and 2010 would be ~1/3rd lower. Our article explains: https://bit.ly/3MdPHJH
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How does the choice between marriage and cohabitation relate to children’s educational attainment and intergenerational mobility? New from @efiadamopoulou.bsky.social, @annehannusch.bsky.social, Karen Kopecky, and Tim Obermeier. https://bit.ly/4oWvrd6
December 16, 2025 at 5:10 PM
How does the choice between marriage and cohabitation relate to children’s educational attainment and intergenerational mobility? New from @efiadamopoulou.bsky.social, @annehannusch.bsky.social, Karen Kopecky, and Tim Obermeier. https://bit.ly/4oWvrd6
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Delays, cancellations, and intense competition are impacting the construction landscape. Read the latest insights on how firms in the Ninth District are navigating ongoing uncertainty in a new article by @erickgarcialuna.bsky.social. https://bit.ly/4aNYFHv
December 16, 2025 at 8:06 PM
Delays, cancellations, and intense competition are impacting the construction landscape. Read the latest insights on how firms in the Ninth District are navigating ongoing uncertainty in a new article by @erickgarcialuna.bsky.social. https://bit.ly/4aNYFHv
Reposted by Paul Wallace
Today's jobs data: Unemployment rate 📈to 4.6%, long-term unemployment remains elevated. Part of what's going on: Rising flows of people outside the labor force coming off the sidelines and entering unemployment. My latest @minneapolisfed.bsky.social ➡️ www.minneapolisfed.org/article/2025...
December 16, 2025 at 3:50 PM
Today's jobs data: Unemployment rate 📈to 4.6%, long-term unemployment remains elevated. Part of what's going on: Rising flows of people outside the labor force coming off the sidelines and entering unemployment. My latest @minneapolisfed.bsky.social ➡️ www.minneapolisfed.org/article/2025...
Reposted by Paul Wallace
The Beveridge curve, which plots the relationship between job openings and unemployment, has shifted in ways that make it difficult to interpret labor market tightness. What might this mean for policymakers assessing inflation risks? https://bit.ly/3KI7YhM
The Beveridge Curve’s Predictive Power: Why Job Vacancy Types Matter for Monetary Policy
An analysis looks at the sharp rise in job vacancies since 2010 and what it means for using the Beveridge curve to assess labor market tightness.
www.stlouisfed.org
December 12, 2025 at 11:55 PM
The Beveridge curve, which plots the relationship between job openings and unemployment, has shifted in ways that make it difficult to interpret labor market tightness. What might this mean for policymakers assessing inflation risks? https://bit.ly/3KI7YhM
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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
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WATCH LIVE TODAY: Press conference with #FOMC Chair Powell at 2:30 p.m. ET: www.federalreserve.gov
www.youtube.com/federalreserve
www.youtube.com/federalreserve
December 10, 2025 at 2:22 PM
WATCH LIVE TODAY: Press conference with #FOMC Chair Powell at 2:30 p.m. ET: www.federalreserve.gov
www.youtube.com/federalreserve
www.youtube.com/federalreserve
Reposted by Paul Wallace
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
Reposted by Paul Wallace
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
Reposted by Paul Wallace
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
Reposted by Paul Wallace
And if you’d like to watch my conversation with Casey Lozar, the Director of the Center for Indian Country Development, about how data shortcomings affect Tribal nations, citizens, and communities, you can do so here: m.youtube.com/watch?v=Jta5...
CICD 2025 Data Summit
YouTube video by Minneapolis Fed
m.youtube.com
November 26, 2025 at 8:08 PM
And if you’d like to watch my conversation with Casey Lozar, the Director of the Center for Indian Country Development, about how data shortcomings affect Tribal nations, citizens, and communities, you can do so here: m.youtube.com/watch?v=Jta5...
Reposted by Paul Wallace
Last month I had the honor of giving the fireside keynote at the @minneapolisfed.bsky.social’s Center for Indian Country Development data summit.
@camohrwriter.bsky.social has put out a great new article overviewing the summit and its takeaways for Indian Country:
@camohrwriter.bsky.social has put out a great new article overviewing the summit and its takeaways for Indian Country:
At milestone CICD event, tribal leaders reflect on leveraging economic data as a tool of sovereignty | Federal Reserve Bank of Minneapolis
Speakers at the Center for Indian Country Development’s tenth-anniversary commemoration and fifth annual data summit described how in the modern era, economic data support tribes in governing their na...
www.minneapolisfed.org
November 26, 2025 at 8:08 PM
Last month I had the honor of giving the fireside keynote at the @minneapolisfed.bsky.social’s Center for Indian Country Development data summit.
@camohrwriter.bsky.social has put out a great new article overviewing the summit and its takeaways for Indian Country:
@camohrwriter.bsky.social has put out a great new article overviewing the summit and its takeaways for Indian Country:
Reposted by Paul Wallace
Read about economic conditions in Reserve Bank Districts in the #BeigeBook: (1/2) www.federalreserve.gov/monetarypoli...
November 26, 2025 at 7:05 PM
Read about economic conditions in Reserve Bank Districts in the #BeigeBook: (1/2) www.federalreserve.gov/monetarypoli...
Reposted by Paul Wallace
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
Reposted by Paul Wallace
Hey, #EconSky!
The U.S. Bureau of Labor Statistics is here @usbls.bsky.social!
bsky.app/profile/usbl...
The U.S. Bureau of Labor Statistics is here @usbls.bsky.social!
bsky.app/profile/usbl...
November 21, 2025 at 2:51 PM
Hey, #EconSky!
The U.S. Bureau of Labor Statistics is here @usbls.bsky.social!
bsky.app/profile/usbl...
The U.S. Bureau of Labor Statistics is here @usbls.bsky.social!
bsky.app/profile/usbl...
Reposted by Paul Wallace
Uncertainties and challenging market conditions have left apartment owners and operators largely feeling pessimistic about the future, according to interviews we conducted in Minnesota and the Sioux Falls area last summer—but some saw cause for hope. https://bit.ly/3WG6CGD
Multifamily housing operators describe a “precarious position” | Federal Reserve Bank of Minneapolis
Apartment owners and managers report more financial stability now than last year, but say there's lots more uncertainty ahead
bit.ly
November 20, 2025 at 4:46 PM
Uncertainties and challenging market conditions have left apartment owners and operators largely feeling pessimistic about the future, according to interviews we conducted in Minnesota and the Sioux Falls area last summer—but some saw cause for hope. https://bit.ly/3WG6CGD
Reposted by Paul Wallace
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
Reposted by Paul Wallace
Over nearly 4 decades, Bill Spriggs made significant contributions to labor economics, economic policy, & economics profession. At @assameeting.bsky.social, the Institute, LERA, and @neaecon.bsky.social are co-sponsoring sessions to honor and celebrate his many contributions. https://bit.ly/4pkJN7M
November 19, 2025 at 6:56 PM
Over nearly 4 decades, Bill Spriggs made significant contributions to labor economics, economic policy, & economics profession. At @assameeting.bsky.social, the Institute, LERA, and @neaecon.bsky.social are co-sponsoring sessions to honor and celebrate his many contributions. https://bit.ly/4pkJN7M
Reposted by Paul Wallace
In 2010, there were 1.2 job postings requiring a college degree for every 1 posting that did not. By 2020, the ratio was 0.6. Our new article from senior writer @lisacamnermckay.bsky.social looks at how the labor market for college grads has changed: https://bit.ly/4mUUNaZ
November 18, 2025 at 5:12 PM
In 2010, there were 1.2 job postings requiring a college degree for every 1 posting that did not. By 2020, the ratio was 0.6. Our new article from senior writer @lisacamnermckay.bsky.social looks at how the labor market for college grads has changed: https://bit.ly/4mUUNaZ
Reposted by Paul Wallace
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
Reposted by Paul Wallace
Starting LIVE now: President Kashkari moderating a conversation with @ecolab-inc.bsky.social CEO Christophe Beck at the Economic Club of MN. Tune in to the livestream here ⬇️ https://bit.ly/4458tc2
Neel Kashkari in conversation with Christophe Beck at the Economic Club of Minnesota
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, moderates a conversation with chairman and CEO of Ecolab, Christophe Beck, at the Econom...
bit.ly
November 17, 2025 at 5:56 PM
Starting LIVE now: President Kashkari moderating a conversation with @ecolab-inc.bsky.social CEO Christophe Beck at the Economic Club of MN. Tune in to the livestream here ⬇️ https://bit.ly/4458tc2
Reposted by Paul Wallace
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