Average Inflation over the Pandemic Avoids 'Base-Effect' Distortions

May 13, 2021

Since the start of the COVID-19 pandemic early last year, the nation has seen enormous swings in consumer prices, with extraordinary declines last spring giving way to similarly eye-popping increases as the economy has reopened.

Private Subprime Mortgages Challenged FHA During 2000s Housing Boom

May 11, 2021

Considerable research has been devoted to better understanding the meteoric rise of the PLS subprime mortgage market in the early-to-mid 2000s. But an important aspect has been largely ignored: The simultaneous decline in mortgage originations with Federal Housing Administration (FHA) insurance.

Interviews

Bloomberg: Fed’s Kaplan on Colonial Cyberattack, Taper Debate, Inflation

May 10, 2021

Dallas Fed President Rob Kaplan discusses the economic impact of the Colonial pipeline attack, cybersecurity, U.S. jobs, inflation, monetary policy and more with David Westin on Bloomberg TV.

Texas Economic Activity Springs Ahead as Growth Strengthens

May 06, 2021

Economic activity in Texas accelerated sharply in March, according to recent data that also indicate a continuation of the strong momentum.