March
March 2018
Our Latest News and Research
LAURA FORTUNATO
The Richmond Fed’s Kelly Stewart (left) and WFAE’s Nick de la Canal discuss the cash operations of the Charlotte Office while standing at the steel door of the vault.
Speeches, Presentations and Public Appearances
- Andy Bauer: February 13,“2018 Economic Outlook” Speech. Cacotin Estate Planning Council Meeting, Leesburg, Virginia.
Media Interviews and Commentary
Bank President
- Carolina Banker: Meet the Richmond Fed’s New President and CEO: Tom Barkin
- Virginia Business: On The Move
Payments
Regional Economists
- The Daily-News Record: Economist Sees Modest Growth
- The Post and Courier: South Carolina adds 9,400 jobs in Robust February Report as Unemployment Edges to 4.4 percent; South Carolina’s Economic Growth Stunted in January by Slowing Labor Force Expansion
- The Richmond Times-Dispatch, Daily Progress: Virginia’s Unemployment Rate Declined Slightly in February to 3.5 percent; Best Rate in Nearly a Decade
- The Richmond Times-Dispatch, The Roanoke Times, The News & Advance, The Free Lance-Star: Virginia Unemployment Rate Held Steady at 3.6 percent in January
Selected Publications
The latest Economic Brief, our monthly essay series, presents a new option for preventing bank runs. Banks are in the business of borrowing over the short-term and lending over the long-term. Because of this, economists and policymakers have long viewed banking as inherently prone to runs. The authors of the Economic Brief suggest that bank runs could be prevented by creating a new type of deposit contract that would eliminate the incentive to run.
The latest issue of Econ Focus, our quarterly economics magazine, explores the costs of prescription drugs and why Americans pay more for prescriptions than many other countries. This issue of Econ Focus also explores efforts to speed up U.S. payments, BMW’s growing apprenticeship program at its South Carolina plant, the economics behind children following in their parents’ professional footsteps, and the economic rise and decline of Petersburg, Virginia, among other topics.
Fannie Mae and Freddie Mac play a substantial role in today’s mortgage market. But prior to the creation of these government-backed entities, private institutions arose to improve the efficiency of the market and produce more affordable mortgage products. A new research article explores whether this history provides hints to what modern mortgage markets would look like with less government intervention.
