How the Fed Walks Inflation Back to 2%
Analyzing what the Fed's own forecasts might reveal about the road ahead
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"It is a really unusual environment. We did not have a recession. We did not have a big spike in layoffs. But we do have a low job finding rate, and declining at that. This is what sometimes people describe as the ‘low hire, low fire’ environment."
Senior Research Economist
Speaking of the Economy Podcast, The Rise in Long-Term Unemployment, September 2, 2026
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Oct. 7, 2026
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Who We Are and What We Do
As a regional Reserve Bank, the Richmond Fed works to strengthen the economy and the Fifth District communities we serve by helping to carry out the day-to-day operations of the Fed. Here's how we do it:
