The Federal Reserve Bank of Richmond appointed Sandra L. Tormoen as community affairs officer and Jeffrey R. Gerlach as an assistant vice president.
College is becoming scarier, financially speaking: The cost of college has been growing more than twice as fast as inflation. Delinquency rates on student loans have jumped, a sign of struggle for some grads. But at the same time, the extra earnings that come with a college degree have been growing too. Should more students – or fewer — be signing on the dotted line for college? The cover story in the latest issue of Econ Focus looks at these and other questions about investing in higher education.
Unemployment and labor force participation (LFP) are usually negatively correlated over the business cycle -- that is, once the unemployment rate starts to decline the LFP rate starts to increase after about half a year. In the latest issue of Economic Quarterly, Richmond Fed senior advisor Andreas Hornstein shows that this cyclical co-movement pattern between the unemployment rate and the LFP rate can be attributed to two factors.
The FOMC voted Wednesday to reduce its monthly purchases of Treasury and agency mortgage-backed securities starting in January and to keep the federal funds rate low.
The Federal Reserve on Friday launched the History Web Gateway, a new online resource with biographies, images, and essays on key events in the Fed's 100-year history. The gateway is part of the Fed's effort during its centennial year to encourage a deeper reflection on its role in the nation's economy.
The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.
The Federal Reserve Board and the Federal Open Market Committee released the minutes of the Committee meeting held on October 29-30, 2013.
James Madison University students win district finals of College Fed Challenge sponsored by the Federal Reserve Bank of Richmond.
Teams from James Madison University, American University and Elon University won preliminary rounds of the College Fed Challenge Competition held by the Federal Reserve Bank of Richmond. The teams will compete for the Fifth District championship on November 15.
The Fifth Federal Reserve District member banks elected directors of the Federal Reserve Bank of Richmond for three-year terms effective January 1, 2014.