The Federal Open Market Committee reaffirmed its view that the current 0 to 0.25 percent target range for the federal funds rate remains appropriate.
The Federal Reserve Bank of Richmond announces the promotion of Hattie Barley to vice president.
The Fifth District economy strengthened moderately since the previous report. Manufacturing activity increased at a slightly slower pace, as shipments and new orders grew modestly.
Did market failures cause the 2007–08 financial crisis? The answer is important because financial regulation that does not address a specific market failure risks causing new inefficiencies and unintended consequences in the financial system and the broader economy.
For centuries, thinkers have predicted economic and resource collapse from overpopulation. The prophecies of doom have failed to come true, however. As developing countries have become more prosperous, their fertility rates have tended to decline. Economists now say that large populations can boost the growth of an economy. The cover story in the latest issue of Econ Focus looks at these and other economic issues involved in population growth.
Students from the University of North Carolina won the district title in the Federal Reserve Bank of Richmond’s College Fed Challenge competition.
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 28-29, 2014.
The Federal Reserve Bank of Richmond announces the promotion of Kimberly Fuller to assistant vice president.
The Fifth Federal Reserve District member banks elected directors of the Federal Reserve Bank of Richmond for three-year terms effective January 1, 2015.
The Federal Open Market Committee decided to conclude its asset purchase program this month and maintain the current target range for the federal funds rate.