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Friday, November 21, 2014

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News & Advisories

Firms See Notable Increase in Business Activity in November

November 20, 2014 — Manufacturing activity increased in November, according to firms responding to the latest Manufacturing Business Outlook Survey. The diffusion index of current activity increased notably from 20.7 in October to 40.8 this month. Read the report. Listen to the audio conference. YouTube Video

Business Conditions Index Updated

November 20, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 11/15/2014.

Scipione Appointed to Vice President and General Auditor

November 18, 2014 — The Bank announced that Michelle M. Scipione was recently appointed to the position of vice president and general auditor by the Audit Committee of the Bank's board of directors. In her new position, effective January 1, 2015, Scipione will be responsible for assessing the Bank's financial condition, procedural and accounting controls, operational effectiveness, and compliance with laws and regulations. Read the release.

Business Conditions Index Updated

November 17, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on industrial production for October 2014.

Forecasters See Improved Outlook for Labor Market

November 17, 2014 — The outlook for growth in the U.S. economy over the next four years is little changed from that of three months ago, according to 42 participants in the Fourth Quarter Survey of Professional Forecasters. Survey participants see an improved outlook for the unemployment rate as well as lower inflation. Read the report.

Philadelphia Fed Engages Korn Ferry to Conduct Presidential Search;
Korn Ferry Sets Up Inquiry E-mail Box

November 14, 2014 — In the interest of helping the Federal Reserve Bank of Philadelphia conduct a broad search for its next president, executive search firm Korn Ferry has established an e-mail address to receive inquiries: PhiladelphiaFedPresident@KornFerry.com. The Philadelphia Fed announced earlier that it has retained the services of executive search firm Korn Ferry to conduct the search for its new president and CEO.

President Charles I. Plosser, 66, who has served as the Bank's president since August 2006, will retire effective March 1, 2015. The Bank will conduct a broad search and consider a diverse group of candidates from inside and outside the Federal Reserve System.

Speech: Economic Growth and Monetary Policy: Is There a New Normal?

November 13, 2014 — President Charles Plosser gives his views on the debate about a new normal for economic growth in the U.S. economy. He also discusses the question of future productivity growth and highlight research in this area. Read the speech.

Media Contacts

Marilyn Wimp, ABC E-mail
Manager of Media Relations
(215) 574-4197
(267) 254-4555 (cell)

Daneil Mazone E-mail
Media Relations Representative
(215) 574-7163
(267) 535-1808 (cell)

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