Federal Reserve Resources

The Federal Reserve System is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. In addition to regulating economy, the branches of the Federal Reserve perform economic research, including information about COVID-19. 

The Board of Governors of the Federal Reserve System hosts a website for all 12 districts. This website collects COVID-19 material from all branches. In addition to individual branches, the the Federal Reserve is hosting events, including a series of video calls called Fed Listens.  

As usual, the branches of the Federal Reserve are conducting important and high quality research that is relevant to economic developers. For example, the Federal Reserve Bank of Cleveland recently published a paper entitled "Estimates of State and Local Government Revenue Losses from Pandemic Mitigation." This data brief presents estimates of the impacts of the COVID-19 mitigation shutdowns on US state and local income and sales tax revenue. The author estimates that these revenues will decline by $54 billion in fiscal year 2020 (FY20).

 

 

 

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