Federal Reserve Bank of Minneapolis

Remote work remains prevalent in the U.S. despite corporate efforts to end it, with 22% of workers still working from home part-time in 2025, a minimal decline from 2024. Companies like Amazon, JPMorgan, and Tesla have mandated return-to-office policies, but most firms have not fully enforced them, and hybrid/remote work rates remain stable. Data from the Federal Reserve Bank of Minneapolis and Leesman show remote work's persistence, though it may contribute to rising youth unemployment.

A new Federal Reserve Bank of Minneapolis report on St. Paul's housing trends reveals mixed outcomes from the city's policies. Rent stabilization efforts have reduced new construction, while relaxed zoning regulations have shown some positive effects. Despite affordability challenges, rents remain flat, but the city's tax base is struggling.

A Federal Reserve Bank of Minneapolis study found that $15 wage hikes in Minneapolis and St. Paul led to job losses and reduced hours, contradicting progressive leaders' pushes for higher minimum wages. The study estimated that Minneapolis lost 5,425 jobs and St. Paul lost 3,797 jobs between 2017 and 2021 due to the minimum wage increases. The findings have sparked criticism from conservatives and social media users.

A Federal Reserve Bank of Minneapolis study found that minimum wage hikes in Minneapolis and St. Paul led to job losses and reduced hours, with an estimated 5,425 jobs lost in Minneapolis and 3,797 jobs lost in St. Paul between 2017 and 2021. The study's findings have been seized upon by conservatives as evidence against aggressive wage mandates. The minimum wage increases were phased in to eventually reach $15 per hour by July 2024.

The transcript of an interview with Minneapolis Fed president and CEO Neel Kashkari on 'Face the Nation with Margaret Brennan,' aired on May 3, 2026, is provided. The interview discusses economic and financial topics relevant to the Federal Reserve's role.