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
Research
By advancing the science of economics, examining current issues impacting the national and regional economy, and informing the public about how the economy functions, the Research Department of the Federal Reserve Bank of Richmond seeks to improve policy decisions over the long run and contribute to the formation of the Federal Reserve's monetary policy.
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

Economists

Meet an Economist

Economist Pierre Sarte

May 27, 2009

Meet an Economist - Pierre-Daniel G. Sarte

Senior economist Pierre Sarte discusses how economics provides a way of organizing one's thinking about what we observe in our everyday lives.

Regional Economy

Regional Surveys of Business Activity

plant

July 2, 2009

Fifth District Survey of Agricultural Credit Conditions

Farm loan demand contracted at a slower pace while farmland prices edged lower in the first quarter of 2009.

South Carolina and North Carolina

June 25, 2009

Carolinas Survey of Business Activity

Overall business activity in the region varied in June.

Reports

Snapshot cover

June 12, 2009

Snapshot

Fifth District economic indicators were mixed in June.

National Economy

graph

June 22, 2009

National Economic Indicators

The latest economic data gathered by the Richmond Fed

Publications

person writing

June 1, 2009

Economic Brief 09-06

The Growth of Paperless Money

Region Focus Cover

April 28, 2009

Region Focus Winter 2009