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.
Article
Piped Water and Sewer Access: Measuring Its Benefits for 19th Century Chicago and Its Relevance Today
14 May ’25
Research in Focus — Using land values, Allison Shertzer of the Philadelphia Fed and her coauthors estimate the benefits of piped water and sewers in 19th century Chicago, with broader applicability.
Workforce & Economic Development
Perspective
Moving Up or Running in Place? Examining Economic Stability and Mobility in Philadelphia
A recent Philadelphia Fed study examines the hurdles people face to upward mobility. In this article, Philadelphia Fed President and CEO Patrick Harker emphasizes the need for collaborative solutions with input from all stakeholders, including workers.
The Economy
A source for Philadelphia Fed research, data, and perspectives on labor markets and economic opportunity.
Aruoba-Diebold-Scotti Business Conditions Index
08 May ’25
An index designed to track real business conditions at high observation frequency
Working Paper
On the Testability of the Anchor-Words Assumption in Topic Models
WP 25-14 – What does the Fed talk about in its monetary policy discussions? We introduce a new statistical methodology to analyze text documents, and we use that methodology to recover the topics discussed during FOMC meetings.
News Release
Philadelphia Fed Announces New Director to Its Board
02 May ’25
Curtis J. Myers of Fulton Bank and Fulton Financial Corporation joins the Philadelphia Fed’s Board of Directors as a Class A director.