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.
While we have a broad research agenda, the Richmond Fed focuses on eight key areas of economic study: Consumer Finance, Economic Growth and Business Cycles, Financial Markets and Institutions, Inflation and Monetary Policy, Labor Markets, Monetary History, Payments and Policy, and Regional Economics.
Maryland Survey of Business Activity
Business activity in the state was unchanged in January.
Carolinas Survey of Business Activity
Business activity expanded at a slower pace in January.
Recent reports on the Fifth District economy were somewhat downbeat.