This Selected Issues paper summarizes estimates of the gap between current housing prices and their equilibrium levels in the United States. It examines short-term dynamics of price adjustment. Reflecting uncertainties about how to analyze underlying housing price trends, two approaches are used...

The Farm Security and Rural Investment Act of 2002 helps ensure the future of the Southeast's agricultural industry, but the farm bill's implications over the long run are uncertain. How is the 2002 bill different from the 1996 farm bill, and what impact will it have on farmers and on prices...

Pondering the puzzle of the “jobless recovery”

Remarks at the University at Albany, Albany, New York.

Remarks at United States Military Academy at West Point, West Point, New York.

Remarks by President Dudley at the Quarterly Regional Economic Press Briefing, New York City.

Remarks at the Economic Club of New York, New York City.