First day of early voting in Georgia. Glad to see so many people out early to perform their civic duty! Please be sure to vote, whether by mail, in person early (my choice), or on Election Day!!
Spent this beautiful fall Saturday taking my first ride on the wonderful Silver Comet Trail. Was still smiling 30 miles later.
#silvercomettrail
#atlantatrails
Yes, you do miss something. The issue has been raising rates when job growth exceeds full employment, which is when many minorities start getting jobs, for fear of inflation. Promoting an overshoot allows more of those jobs to persist. This isn’t inflation for inflation’s sake.
Thanks to
@kairyssdal
and the
@Marketplace
team for having me on as a guest today to talk about structural racism and prospects for the economy. I look forward to checking back in with you in the months ahead!
The latest installment of our super
#RacismandtheEconomy
series on the economic costs of racism is coming up soon! And do check out the previous episodes, which focused on housing, education, employment and training, and general overview perspectives.
In the next
#RacismandtheEconomy
event,
@NYTimes
reporter
@JeannaSmialek
will moderate a panel that will examine factors affecting who is in the economics profession and the barriers that contribute to the underrepresentation of people of color:
Celebrating supplier diversity at
@AtlantaFed
with the head of one of our major vendors,
@MagicJohnson
. Glad to have his team with us, and proud we are working to strengthen supplier diversity in Atlanta and our district!
Hey
@gbenga_ajilore
,
That was actually in Isabel Wilkerson’s Warmth of Other Sons, a great book btw.
@kairyssdal
introduced it and I gave a similar analogy a friend gave me about scales falling from people’s eyes in the last few weeks. It is a great line, and so true.
Great phrase from
@RaphaelBostic
on systemic racism:
"One set of people live in a cage; the other set don't see the bars."
Have been enjoying hearing Black economists on
@Marketplace
for the past few weeks.
I’m looking forward to this conversation on how diversity in the field matters and what we can do to increase it. Econ will get better when it is informed by a broader set of views and life experiences.
Save the date: 11/18 at 7 p.m. Federal Reserve Education virtual event featuring
@AtlantaFed
President Bostic discussing “How Diverse Perspectives Improve Economics.”
Very excited to be at the launch of Atlanta’s new Center for Workforce Innovation, which will provide a pathway for opportunities for many young Atlantans. Thanks
@KeishaBottoms
for your leadership on this important effort!
And belatedly - this was the first of this week’s 3 Fed appointments - congrats to
@drlisadcook
on her historic appointment to the
@federalreserve
Board of Governors!
Research in Color is extremely proud to celebrate Dr. Lisa D. Cook who has been confirmed to the U.S. Federal Reserve Board of Governors. She is the the first Black woman to hold this position since the inception of the Fed in 1913. 🎉
#PaintTheProfession
#EconTwitter
Great visit to the Port in Savannah. Very impressive operation working hard to keep up with the evolving shipping landscape. Thanks to Griff and his team!
#ThisIsTheSixth
@AtlantaFed
@GaPorts
No. We had the Great Recession because risks built up that cascaded into the wider financial mkt and then into the broader economy. Unempl below NAIRU has been associated with elevated levels of risk-taking. Hence the relationship. But I’m pretty sure you know this.
Fed study: Minority borrowers bore brunt of COVID-19’s impact on the mortgage market. New report reveals another dimension of the uneven impacts of the pandemic.
@AtlantaFed
@BostonFed
@philadelphiafed
As we start a new year, reflecting on how I ended the last. A visit to
@LegacyMuseum
and
@bhamcivilrights
for a reminder of our sobering past and extreme courage.
.
@AtlantaFed
president & CEO
@RaphaelBostic
says it's a "major concern" that small & medium-sized businesses won't get access to the help they need during the pandemic. He hopes that more fiscal stimulus, plus assistance from banks, will "get them to the other side."
This has been a great series so far. I hope you can join us as we consider approaches to addressing structural inequities in housing with policy and business experts.
The Federal Reserve Bank of San Francisco announced today that its Board of Directors has appointed Mary C. Daly to the position of president and chief executive officer, effective October 1, 2018. Read more: |
#sffedsearch
Congratulations to Dr. Jefferson on being confirmed. I look forward to working with him and reconnecting after being a colleague in the early part of my career.
Looking forward to once again gaining new insights during a Racism and the Economy webinar session. Today’s installment looks at barriers in access financial services. Join if you can!
11/16, 12 pm (ET) Racism and the Economy: Focus on Financial Services
Leaders from financial institutions, consumer protection orgs, and research institutions examine structural racism and explore ways to build an economy that works for all.
Details:
Is your yard an oasis for birds and other wildlife? You might consider having it certified as a Georgia Audubon Wildlife Sanctuary. We can now certify properties anywhere in Georgia! Learn more at
Gray Catbird on American beautyberry, by Will Stuart.
Thanks to the
@AJC
for giving me the opportunity to share about the need for more national
#philanthropic
impact in our communities. Read it here: . Then, take a look at our Following the Money tool: .
#AtlantaFed
Enjoyed meeting and talking with
@BancoDeEspana
Governor Pablo Hernández de Cos, who opened the Central Banking Series program with very thoughtful remarks. I learned a lot!
@Interdependence
@frdelpino
Very pleased to have the
@AtlantaFed
host
@ExportDevCanada
to celebrate their opening of a new office in Atlanta, their 1st in the US! Great talk by their chief economist Peter Hall.
@raphaelbostic
I didn’t know you could change the definition of a recession simply because it fits your needs. And have you ever held a job in the private sector? Usually it helps.
Excited to be at Dublin Castle to speak at the 4th annual European Financial Forum. Thanks to
@ftlive
and the IDA for putting on a great program, including remarks from Prime Minister Varadkar
@campaignforleo
#EFF19
Excite to attend this morning’s opening ceremony for our new “Avenue of the Flags of the Sixth District.” Thanks to everyone who made it happen!
#ThisIsTheSixth
@AtlantaFed
Watching Mayor Bottoms discuss her priorities and accomplishments at our weekly Rotary Club of Atlanta meeting. Progress has been made, but much remains to be done.
@KeishaBottoms
@AtlantaFed
Visiting my client, The Federal Reserve Bank of Atlanta. Thank you to COO Andre Anderson, President Raphael Bostic, and Supplier Diversity Program Manager Darraugh Butler. I had a really good time meeting the employees!
NABE is pleased to announce the results of the 2020 election process. Congrats to
@CEMEX
Chief Economist Manuel Balmaseda (
@MBalmaseda
), who has been elected the 2020-2021 NABE President, and
@AtlantaFed
EVP and Director of Research David Altig, who will serve as Vice President.
@AtlantaFed
@RaphaelBostic
No, go further still--get into the high schools. Start with Atlanta.
In Pikesville, MD, back in 1973-4, my high school had its second biochemistry course.
The RWJohnson Foundation had a high school Young Epidemiology Scholar program.
Get the kids early. College is late.
Had the great privilege of sharing lunch today with Dr. David Satcher, former Surgeon General, who is an inspiration and continues to make positive change! And thanks for the free health tips!
New episode w/ Raphael Bostic (
@RaphaelBostic
),
@atlantafed
President & CEO. We discuss:
• The Fed's actions to combat COVID-19 crisis
• Why people are now more open to discuss race issues
• How we all benefit from improving economic mobility
Enjoy!
After meeting with
@AuburnU
’s leadership team and participating in an economic roundtable with local community leaders,
@RaphaelBostic
turned his attention to
@AuHarbertBiz
students to discuss the Fed and careers in economics.
This Policy Hub article finds that women with children under 6 made up 10% of the prepandemic workforce yet account for nearly 25% of COVID-related job losses. Daycare limitations appear to be limiting the availability of workers to fill open positions.
Thrilled and honored to be endorsed by the Coalition! Very much hope I get the opportunity to help shape Harvard’s direction and make sure diversity is not just recognized but also leveraged to make the institution better and stronger
I enjoyed the conversation. Very happy to support the important work of the
@atlchamber
to help strengthen the Atlanta economy and make It more inclusive.
Thank you to
@RaphaelBostic
, President & CEO of the
@AtlantaFed
, for joining us at this morning's
@Delta
Air Lines Insights on Leadership. He spoke about the bank's strategic priorities & work on financial inclusion & innovation. We're grateful for Raphael’s service on our board.
Thank you Raphael Bostic, President and CEO, at
@AtlantaFed
for welcoming the Netherlands Ambassador André Haspels.
Talking macro economics and job development. Great conversation on possible collaboration in the FinTech space.
#NLintheUSA
#NLinAtlanta
Honored to be the featured speaker at the
@SpelmanCollege
Convocation this morning. Excited to be on campus talking with the next generation of leaders!
Welcome to Atlanta! Very excited you are visiting
@AtlantaFed
and I am looking forward to your remarks and insights. Also glad you are putting a spotlight on diversity in leadership.
@AtlantaEconClub
@KPMG_US
@ConstanceHunter
@RaphaelBostic
You cannot really create more opportunity without a level playing field where companies like google, amazon, facebook, microsoft and apple paying their way. Ilt would be interesting to work out the real income of a McDonalds employee in 2020 against 1990.
Thanks to the
@MonMarketeers
for tremendous hospitality!! Very much enjoyed meeting and talking with members and leadership. And special thanks to the
@NewYorkFed
Markets team for their attendance and support!
I am very much looking forward to this. I hope you’re able to join us or, if you can’t be there, watch us online or send a question for me to ponder. And tell or bring a friend!
We’re hosting a community conversation with
@RaphaelBostic
on October 20, and you’re invited! Get all of the details, including how to register, online now: .
#AtlantaFed
“In the coming months, I plan to be observant and adaptable as I consider where appropriate policy is going.” Atlanta Fed president
@RaphaelBostic
shares his view on monetary policy in the latest Message from the President:
I had the pleasure of meeting Senator McCain on 2 occasions. Was super impressed both times. He’s truly man of honor, integrity, and service. God bless him and his family.
It’s important that everyone have access to the services banks provide, regardless of their ZIP code. CDFIs are an important piece for solving this puzzle.
#CDFI
Individuals and businesses in areas underserved by banks face some stiff challenges. The
#AtlantaFed
’s Economy Matters looks at the role of community development financial institutions in addressing them.
#CDFI
ICYMI. Had the chance to talk with
@bcheungz
of
@YahooFinance
yesterday. Was very thorough. We covered the economy and policy, and he even checked my birder bonafides..
missed our interview with
@AtlantaFed
President
@RaphaelBostic
? catch the full transcript here, in which the avid birdwatcher describes himself as an owl, not a hawk
Wonderful to see my Stanford classmate
@RaphaelBostic
who is president and CEO of the Fed Reserve Bank of Atlantic on Face the Nation this morning. He is a superstar!
@SaraEisen
@SaraEisen
, I’ve long been clear that inflation is too high and has to be addressed. But to get a soft landing, one must look for opportunities to achieve it. Even firetrucks and ambulances, sirens blaring, slow down at intersections and look, to try to avoid preventable trouble
Closed my Nashville-area auto industry tour day with a visit to the
@NissanUSA
plant in Smyrna. Thanks for giving me a view into advanced manufacturing in the US!
#ThisIsTheSixth
Deepest thanks to
@MilesCollege
for hosting me today. Enjoyed the tour of the campus and talking with students. Thanks to my team, including
@mishraman
, for helping make it happen. A definite highlight of my visit to Birmingham!
Stay up to date with the economy by using the
@AtlantaFed
EconomyNow app, which gives access to our most popular data tools, including GDPNow and the Wage Growth Tracker.
#AtlantaFed
Just wrapped up a super visit to a creative effort to fill build assisted living for seniors in rural AL. This a deep need for seniors across real America. We need more efforts like this! Many thanks to my hosts!
@CityofHeflin
@AtlantaFed
#ThisIsTheSixth
In the TCAT Auto Service Lab. One of the 5 disciplines they offer. Such a great example of employers and education partnering for progress in workforce development.
@_DanCaldwell
@AtlantaFed
Muchas gracias to María del Pino and her team at the Rafael del Pino Foundation for hosting the Central Bank Series in Madrid! Looking forward to a great program.
@frdelpino
@Interdependence
Enjoyed yesterday’s global Big Day birding by spying some nice western species - Lucy’s warbler, Harris hawk, Gila and Ladderback woodpecker - plus my 1st Black-tailed gnatcatcher!
This week, the world said goodbye to Gen. Colin Powell, but we can continue to honor his legacy by coming together around the things that matter—like the future of our youth.
#liveunited
I hope the students got some good food for thought about economics, policy and their role in the economy. I thought it was a high quality wide-ranging discussion. Thanks for having me!
We recently hosted a Macroeconomics and Monetary Policy Conference, celebrating retiring President Charles Evans’ contributions to the field. Experts from around the country shared insights into research on
#inflation
,
#monetarypolicy
and more.
Catching up on some 2019 reading: the always thoughtful annual report on the state of poverty and inequality, this time w a focus on millennials.
@CenterPovIneq
Woke in Miami for the last day of my week in FL. Spent the weekend finding some Florida bird specialties - gray flycatcher, limpkin, snail kite - and enjoying the Tampa Bay scenery. Thanks to all for a super visit!
Very excited about the
@ReworkAmerica
Alliance’s new local collaborations to improve the workforce development ecosystem and move us closer to having an economy that works for everyone.
Thanks to the
@ChicagoCouncil
for hosting me and
@philipilevy
for a great discussion on the Fed, economic performance metrics, diversity in Econ and finance, trade, and more. Very much enjoyed it!
Excited to be speaking on inclusive economic development at the
@IEDCtweets
Annual Conference. It’s an important issue in the 6th district, across the US, and internationallly.
#ThisIsTheSixth