One of the driving forces behind the increase in the labor force participation rate is older workers remaining on the job. The reasons vary for their extended stay, but their presence is an important element in understanding current labor conditions.
Rental housing has become less affordable at the national level due to a variety of economic reasons. The fallout is that many renters’ incomes are not keeping pace with rental prices.
If shipping costs continue to increase, higher import costs may put additional upward pressure on core inflation, even if typical import price indices remain low, affecting consumers in the long term.
Enforcement actions create reputational and credibility problems for sanctioned banks, and as a result, banks may have to compensate borrowers with better loan pricing and other favorable terms.
The outlook for the economy does not call for tight policy by any means, but a gradual and deliberate move to more normal rates is necessary.
The Office of Minority and Women Inclusion (OMWI), established under the Dodd-Frank Act, continues a long tradition of diversity at the Kansas City Fed.