The FED Said In October 2017, Amazon ignited a frenzy among economic developers. When the company announced plans to open a second North American headquarters and staff it with 50,000 high-paying jobs, more than 200 cities, counties, and states made formal bids. Many jurisdictions promised publicly financed incentives—packages of tax breaks, free land, grants, and […] Read more
The FED Said Raj Chetty sees himself as a product of the American dream. An immigrant himself, Chetty moved here with his parents from India when he was 9 years old. The Harvard economist is probably the nation’s leading authority on the erosion of kids’ chances to do better than their parents. His groundbreaking research […] Read more
The FED Said The latest U.S. jobs reports shows that employment growth remains strong in the United States, helping push the unemployment rate to its lowest level in nearly 50 years. Although employment growth in the Southeast generally mirrors national trends, a look below the hood shows that the jobs recovery from the Great Recession has been […] Read more
The FED Said Overall U.S. Economic Activity Economic activity expanded across the United States, with the majority of Federal Reserve Districts reporting modest to moderate growth. New York and St. Louis indicated slight growth, overall, while Dallas reported robust growth driven by strong manufacturing, retail, and nonfinancial services activity. On balance, manufacturers reported moderate output […] Read more