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Paul Wallace

@ptwall.bsky.social
480 followers 1.2K following 92 posts

Strategic comms @MinneapolisFed. Views are my own. Also active on Threads at threads.net/@ptwall.

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Paul Wallace @ptwall.bsky.social · 13/11/2025
Neel Kashkari, @minneapolisfed.bsky.social President, kicks off the 2025 @oiginstitute.bsky.social Research Conference. Watch live. minneapolisfed.org/live. #econsky
Neel Kashkari at OIGI Conference.
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Paul Wallace @ptwall.bsky.social · 06/11/2025
Watch this event focused on housing in North Dakota, with lessons on challenges and opportunities in housing for many markets all around the country. Join us now for this 5 hour event. minneapolisfed.org/live
Alene Tchourumoff at the ND Housing event at the Bismarck Event Center in Bismarck, North Dakota.
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Paul Wallace @ptwall.bsky.social · 16/07/2025
🧵(2/2) Chart. Top 3 challenges facing nonprofits in Montana, South Dakota, and North Dakota Sources: Federal Reserve Bank of Minneapolis, Montana Nonprofit Association, South Dakota Nonprofit Network, North Dakota Association of Nonprofit Organizations.
Chart. Top 3 challenges facing nonprofits in Montana, South Dakota, and North Dakota

Sources: Federal Reserve Bank of Minneapolis, Montana Nonprofit Association, South Dakota Nonprofit Network, North Dakota Association of Nonprofit Organizations.
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Paul Wallace @ptwall.bsky.social · 09/07/2025
Chart. County level exposure in U.S. to Chinese retaliatory tariffs (September 2019)
Chart. County level exposure in U.S. to Chinese retaliatory tariffs (September 2019)

Note: County exposure to Chinese trade retaliation at its peak in September 2019. The exposure statistic is based on county share of employment in retaliation-targeted industries and the tariff levels on those industries. Counties with higher numbers are more exposed.
Source: Data from TradeWarTracker.com (accessed July 1, 2025), using method in Waugh, “The Consumption Response to Trade Shocks: Evidence from the US-China Trade War,” 2019.
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Paul Wallace @ptwall.bsky.social · 25/04/2025
Timely Q&A w/ @minneapolisfed.bsky.social research director Andrea Raffo on trade policy uncertainty, tariffs, and the flight from U.S. assets. #econsky www.minneapolisfed.org/article/2025...
Q. It’s useful to reinforce why U.S. households also win when the global economy is strong. Why would we care about how other countries do?
A. Linkages across countries are way more important than they were 50 years ago. To the extent that we live in a global economy in which companies sell products in the United States and abroad, anything that happens in the world affects U.S. workers directly. A reduction in activity in Europe, in China, in Latin America means lower exports and fewer jobs for Americans. It’s that simple.
When there are financial tensions or financial crises abroad, the U.S. stock market and Americans’ wealth take a hit. Moments of global uncertainty are typically moments of global sell-off. What happens abroad has consequences for the well-being of Americans.
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Paul Wallace @ptwall.bsky.social · 06/12/2024
My Minneapolis Fed colleague Haley Chinander, from our regional outreach group, reports that new establishments remain elevated in the Ninth Fed District. Read more. #econsky Chart. Establishment births and deaths in the U.S. and the Ninth District www.minneapolisfed.org/article/2024...
Chart. Establishment births and deaths in the U.S. and the Ninth District
Note: Ninth District states include MN, MT, ND, SD, and WI.
Source: Bureau of Labor Statistics, Business Employment Dynamics.
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Paul Wallace @ptwall.bsky.social · 26/11/2024
My Minneapolis Fed colleague @tuuyentran.bsky.social looked at the pandemic boom for national parks and recent trends for nat parks in the Ninth Fed District. Leading the way in the 9th are Theodore Roosevelt, St. Croix Riverway and Yellowstone. www.minneapolisfed.org/article/2024...
Changes in visitation at Ninth District National Park System parks

Note: Parks that made significant changes to the method used to estimate visits in the 2019–2023 peare excluded. Changes to methodology can lead to significant changes in visits. Source: National Park Service
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Paul Wallace @ptwall.bsky.social · 17/11/2024
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