Board of Governors of the Federal Reserve System

the onset of the pandemic in early 2020"—and probed families' health and...compared with 68 percent of the top decile. Over 50 percent of families

over-the-counter derivatives (and, indeed, to financial derivatives generally...and, as a consequence, are extremely difficult to manipulate. The type

key risk in banking remains credit risk--the risk that a borrower will...prices. Given the evolution of global financial markets, activities commonly

best satisfy the participant's interpretation of the Federal Reserve's...key macroeconomic variables to their longer-run sustainable or optimal

compared with the first half, and virtually none plan to reduce their ...key destination states such as Hawaii, California, and Arizona, with further

key risk for life insurers’ investment portfolios. Members discussed the

pricing models—are special cases of stochastic money-in-the-utility-function...asset-pricing literature. 3Deterministic money-in-the-utility-function

key elements: this conference, Fed Listens events at Reserve Banks around...best practices for a flexible inflation-targeting central bank. The structure

best practices we've seen include plans to increase cash inventories ahead...best efforts, some depository institutions may encounter problems resulting

key personnel. Many employers are facing a shortage of ready replacements...compared with those hired pre-pandemic. That said, compensation expectations