FRB Philadelphia Newsroom

Philadelphia Fed Launches PIES Dashboard for Business Inflation Expectations

The Federal Reserve Bank of Philadelphia launched the Price and Inflation Expectations Survey (PIES) data explorer, an interactive dashboard providing access to 10 years of firm-level expectations data on product prices, employee compensation, and U.S. inflation. The survey covers businesses in Delaware, southern New Jersey, and eastern and central Pennsylvania. New data will be added quarterly.

Philadelphia Fed Announces New Board Members, Chair and Deputy Chair

The Federal Reserve Bank of Philadelphia announced the appointment of new members to its nine-member board of directors effective January 1, 2026. Peter Ruggiero, president and CEO of Crayola, was appointed as a Class B director representing the public, while Michael DiPiano, managing general partner and chairman of NewSpring Capital, was appointed as a Class C director appointed by the Board of Governors. William Lo, CEO of Crystal Steel Fabricators, was named chair, and Kisha Hortman Hawthorne, senior vice president and COO at Children's Hospital of Philadelphia, was appointed deputy chair.

Philadelphia Fed Survey: Businesses Anticipate Mixed Economic Conditions in 2026

The Federal Reserve Bank of Philadelphia released results of its 16th annual economic outlook survey conducted November 6-24, 2025, polling Chamber of Commerce for Greater Philadelphia members. While 56 percent of respondents expect growth for their own firms in 2026, regional expectations remain divided with 39 percent anticipating improvement and 37 percent expecting decline. Uncertainty about regulations and government policies was the top cited concern, with nearly 58 percent of respondents listing it as a top-three problem.

Federal Reserve Bank of Philadelphia Appoints Two New Members to Community Depository Institutions Advisory Council

The Federal Reserve Bank of Philadelphia announced the appointment of Marie Beggin, CEO of Penn East Federal Credit Union, and Lauren Ranalli, president and CEO of First Resource Bank and First Resource Bancorp, Inc., to its Community Depository Institutions Advisory Council. The 12-member council advises the Philadelphia Fed on economic and business trends facing community depository institutions. Beggin brings over 30 years of financial industry experience, including commercial and consumer lending expertise.

Philadelphia Fed Appoints Edward Lada Jr. and Juan Lopez to Economic and Community Advisory Council

The Federal Reserve Bank of Philadelphia has appointed two new members to its Economic and Community Advisory Council (ECAC). Edward Lada Jr., CEO of Goodwill Keystone and Goodwill Keystone Area Foundation, and Juan Lopez, CFO of Independence Health Group, will serve on the council that informs Fed leadership about economic trends and market conditions in the Third Federal Reserve District.