September

Selected Publications:

A recent article in Economic Brief, a monthly essay series, looks at the response of short-term market interest rates to the Fed’s interest rate increase in December 2015, the first in nearly 10 years, and concludes that the Fed’s influence over money market rates is intact. Another recent article explores the evolution of Reserve Bank boards of directors since the Fed’s inception.

The latest issue of Econ Focus, the Richmond Fed’s quarterly economics magazine, explores the reasons behind sluggish wage growth during the recovery from the Great Recession. Other articles look at nuclear development in the southeast, the mystery behind the drought of new bank formation and the phenomenon of negative interest rates.

Speeches and Presentations

Jeffrey Lacker, Bank President

• Speech:“Interest Rate Benchmarks”

Ray Owens, Research Economist

• Panel discussion:State of the Economy vs. State of the Union

Media Interviews and Commentary

Bank President

• Bloomberg: Fed Officials Warn CongressAgainst Rethinking Bank’s Design

• Fox News: Federal Reserve Bank President:Interest Rates Need to Rise

Baltimore Regional Executive

• AHA Business Radio: Dave Beck, Federal ReserveBank of Richmond, Baltimore Office, Tells Our Story

Regional Economists

• Baltimore Sun: Maryland Added 700 Jobs in August; Unemployment Rate Holds Steady at 4.3 Percent

• News & Observer: NC Jobless Rate Falls to 4.6 %

• Post & Courier: South Carolina’s Unemployment Rate Continues Gains in August, Dips to 5.1 Percent

• Richmond Times-Dispatch: Virginia’s Unemployment Rate Rose Slightly to 3.9 Percent in August

• Washington Post: New Regional Jobs Data Just Puta Damper on Last Month’s Economic Optimism

Research

• Richmond Times-Dispatch/Roanoke Times: Workers Discuss Labor Trends

• Virginia Business: Where is the US Economy Headed?