Speech: The Limits of Central Banking
In his latest speech, President Charles I. Plosser focuses on the importance of setting reasonable expectations for what a central bank can and cannot do. He emphasizes how over-promising can erode the credibility of a central bank's commitment to meet its goals, whether for monetary policy or financial stability.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.Latest News
- Cascade: Issues Surrounding Foreclosure — October 10, 2008
- Podcast: Economics and Geography Together — October 6, 2008
- Fed to Pay Interest on Reserves
— October 6, 2008 - Philadelphia Fed Releases Second Quarter Banking Brief — October 2, 2008
- Analysis: Metropolitan Area Employment — October 1, 2008
- Philadelphia Fed Releases Leading Indexes — September 30, 2008
- Analysis: Housing Data
— September 26, 2008
The EconomyLast update: October 1, 2008, 10:00 a.m. EDT
Data
Index
Business Outlook Survey
A monthly survey of manufacturers in the Third Federal Reserve District.
- Latest Survey (September 2008)
- Historical Data
Related Resources:
Third District Leading Indexes
Predicts the nine-month growth rate of the state's coincident index.
- Current Press Release (Aug. 2008)
- Historical Data
Related Resources:
State Coincident Indexes
Combine four state-level indicators to summarize current economic conditions in a single statistic.
- Current Press Release (Aug. 2008)
- Historical Data
Related Resources:
Employment Data
- Metropolitan Area Employment Data (August 2008)
- State Employment: Pennsylvania, New Jersey, and Delaware
(August 2008)
Related Resources:
Housing Data
- Regional Housing Permits
(August 2008) - Regional House Price Appreciation
(Second Quarter 2008)
Related Resources:
Anxious Index
The probability of a decline in real GDP in the current quarter and the following four quarters.
- Current Chart (3Q 2008)
Related Resources:
Upcoming Events
- Geography and the Economy: A Professional Development Series for Teachers — October 15, 29, and November 12, 2008
- Confronting the Neighborhood Impacts of Foreclosure — October 20, 2008
- 11th Annual Hot Topics in Economics — October 22, 2008
Resources
For Teachers
For Individuals & Consumers
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