Press Room

In the latest issue of Economic Quarterly, Richmond Fed economists Andreas Hornstein and Marianna Kudlyak and McGill University professor Fabian Lange observe these labor market transitions and suggest that the standard unemployment rate and its extensions proposed by the Bureau of Labor Statistics are both too coarse and too narrow as measures of resource utilization in the labor market.

The Federal Reserve Bank of Richmond announces the following officer appointment:

News stories tell us that some Fed officials are "hawks" and others are "doves." But now that Fed policymakers are closer to a consensus on inflation than in past decades, do these terms still mean what they used to? The featured article in the latest issue of Econ Focus magazine looks at the changing nature of monetary policy debates — and the changing nature of the hawk-dove divide.

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 27-28, 2015.

The Federal Reserve Bank of Richmond’s new Economic Brief addresses the question of whether slow wage growth indicates labor market “slack” that is not adequately reflected in the unemployment rate alone.

The Federal Open Market Committee today voted unanimously to keep the target range for the federal funds rate at its current level of 0 to .25 percent. Richmond Fed President Jeffrey M. Lacker is a voting member this year.

The Federal Reserve System today released “Strategies for Improving the U.S. Payment System,” which presents a multifaceted plan for collaborating with payment system stakeholders, including large and small businesses, emerging payments firms, card networks, payment processors, consumers and financial institutions to enhance the speed, safety and efficiency of the U.S. payment system.

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

The Board of Governors of the Federal Reserve System has appointed the chair and deputy chair of the Board of Directors of the Federal Reserve Bank of Richmond for 2015.

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the minutes of the Committee meeting held on December 16-17, 2014. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.