“High-income people, they save more, and then the return of their wealth is also higher because of high correlation with the biggest stock market participation rate,” says YiLi Chien, economist and research officer at the Federal Reserve Bank of St. Louis.
In this podcast, he talks about the that role stock market participation plays in wealth inequality.
RC Balaban: Welcome to Timely Topics, a podcast series from the St. Louis Fed. I’m your host, RC Balaban, and today we’re continuing our miniseries on equity and equality. We’ll focus on some research discussing the role that investing, specifically investing in…
By Ryan Heinz, External Engagement Staff
Events and protests this past summer turned up the volume on national conversations about fair treatment of Black Americans, including in the workplace and the economy.
But Sydney Diavua and her colleagues already had been making sure those conversations were heard — in the Federal Reserve System and in the districts Reserve banks serve.
Diavua’s work on community development, civic participation and neighborhood revitalization has taken her all over the East Coast and overseas.
She brought that wealth of experience to the Federal Reserve Bank of St. Louis’ District when she returned to her…
“The quiet conversations have gotten louder,” Douglas Scarboro, regional executive of the Federal Reserve Bank of St. Louis Memphis Branch, says of willingness to address the topic of race. Pradeep Rajendran, senior manager, hosts a casual discussion with four St. Louis Fed executives: Scarboro; Francois Henriquez, general counsel; Nikki Lanier, regional executive of the Louisville Branch; and James Price, group vice president. They talk about challenges they have faced and what organizations can do to promote diversity, equity and inclusion.
Pradeep Rajendran: Welcome to Timely Topics from the St. Louis Fed. I’m your host, Pradeep Rajendran from the Public…
In this Women in Economics interview, Marie Mora and Lea-Rachel Kosnik discuss why having diverse perspectives at the policymaking table is essential.
Marie Mora, provost and executive vice chancellor for academic affairs at the University of Missouri-St. Louis, and Lea-Rachel Kosnik, economics professor at UMSL, have something in common — both were drawn to the field of economics because of its policymaking aspect.
In a Women in Economics Podcast Series episode (originally released in March 2020) the two women spoke about their experiences in the field of economics and their roles at the university. Mora has focused on diversity…
By Meredith Covington and Ana H. Kent
During most of the coronavirus pandemic and COVID-19 recession, women have faced higher unemployment rates than men, as the pandemic affected sectors with high shares of female workers, particularly in service professions.* Moreover, the closures of schools and day care centers and the implementation of remote learning have increased child care needs, which disparately affect working mothers. A September McKinsey study (PDF) shows that roughly a third of working mothers were considering taking a leave of absence, dropping out of the work force entirely, cutting their hours, moving to part-time or switching to…
By David Andolfatto
In the second quarter of 2008, U.S. federal debt held by the public totaled about $5.3 trillion, or 35% of gross domestic product (GDP). This figure grew to $20.5 trillion — or 105% of GDP — by the second quarter of…
Part of our Timely Topics: Economic Equity miniseries.
“Our Community Development staff at the St. Louis Fed seek for every individual and community to have the opportunity and also the ability to participate in the economy,” says Daniel Paul Davis, vice president and community affairs officer at the Federal Reserve Bank of St. Louis. Davis joins Community Development team directors Ray Boshara, Nishesh Chalise, Sydney Diavua and Matuschka Lindo Briggs in a discussion about how St. Louis Fed works to promote a more inclusive and equitable economy.
Matuschka Briggs: Welcome to Timely Topics, a podcast series from the St…
Part of our Timely Topics: Economic Equity miniseries.
“When you were born, what race or ethnicity you are, how much education you obtained open up and, in some cases, limit the opportunities that you’ll encounter,” says William Emmons, an assistant vice president and economist in the Supervision Division at the Federal Reserve Bank of St. Louis.
Emmons joins the Center’s lead analyst Lowell Ricketts and policy analyst Ana Hernández Kent in a discussion about demographic variables and how they affect wealth and equity in the United States.
Maria Hasenstab (host): Welcome to Timely Topics, a podcast series from the…
“This profession is what we make it … therefore, it’s going to take all of us to be responsible to make it a better profession,” says Rhonda Vonshay Sharpe, founder and president of the Women’s Institute for Science, Equity and Race, WISER. She talks with Mary Suiter, assistant vice president and economic education officer at the Federal Reserve Bank of St. Louis, about WISER’s mission to expand women-focused research on the needs of Asian, Black, Hispanic, Native American and multiracial women.
By Heather Hennerich, Public Affairs Staff
Most people probably don’t think a lot about how coins get to banks, retailers and wallets.
But Federal Reserve banks and commercial banks think about the flow of coins through the economy all the time, Federal Reserve Chair Jerome Powell told the U.S. House Committee on Financial Services in June. That’s because it’s those institutions’ job to get coins to where they need to be: in the hands of businesses and consumers.
The COVID-19 pandemic disrupted how coins make their way through the economy. Dimes gathered dust on dressers and quarters languished in drawers…
Federal Reserve Bank of St. Louis — Central to America’s Economy