Article
A Guide to Understanding Mortgage-Backed Securities
18 Jun ’25
Research in Focus — James Vickery of the Philadelphia Fed and his coauthors discuss the mortgage-backed securities (MBS) market in detail, with a special focus on government-backed residential MBS.
About
Meet Our Next President: Anna Paulson
17 Apr ’25
After a nationwide search, the Federal Reserve Bank of Philadelphia has selected Anna Paulson to serve as the next president and chief executive officer. Her term will begin on July 1, 2025.
Labor Markets and Opportunity: Is Our Workforce Getting Smaller?
29 May ’25
President and CEO Patrick T. Harker, Economic Growth & Mobility Project Director Ashley Putnam, and Outreach Economist Ryo Tashiro explore the shrinking U.S. labor force.
Banking
A source for information on supervisory guidance, resources, and tools to aid community bankers. Read the latest release.
Survey
June 2025 Manufacturing Business Outlook Survey
20 Jun ’25
A monthly survey of manufacturers in the Third Federal Reserve District
Working Paper
Interchange Fees in Payment Networks: Implications for Prices, Profits, and Welfare
WP 25-18 – This paper examines the level of a wholesale price — the interchange fee — typically set by a payment card network that influences the distribution of acceptance costs and benefits incurred or received by merchants and consumers.
Speech
Economic Outlook and Final Thoughts
Philadelphia Council for Business Economics | Philadelphia, PA