Treasury-Fed Accord

Is the line between fiscal policy and monetary policy becoming blurred again? Learn more about how the Federal Reserve and the Treasury Department reached an accord that permitted the Fed to pursue an independent monetary policy more than 50 years ago.


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Research
ResearchResearch staff provides analysis and advice to Fifth District and Federal Reserve policymakers, conducts research to improve policy decisions over the long-run by contributing to the advance of economic science, and educates the public.
Our Research Focus

While we have a broad research agenda, the Richmond Fed focuses on eight key areas of economic study: Consumer FinanceEconomic Growth and Business CyclesFinancial Markets and Institutions, Inflation and Monetary Policy, Labor Markets, Monetary History, Payments and Policy, and Regional Economics.

In Depth

Regional Economy

Regional Surveys of Business Activity

Maryland

January 28, 2010

Maryland Survey of Business Activity

Business activity in the state was unchanged in January.

South Carolina and North Carolina

January 28, 2010

Carolinas Survey of Business Activity

Business activity expanded at a slower pace in January.

Reports

Snapshot cover

February 5, 2010

February 2010 Snapshot

Recent reports on the Fifth District economy were somewhat downbeat.

National Economy

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February 8, 2010

National Economic Indicators

The latest economic data gathered by the Richmond Fed