The Federal Reserve Bank of Richmond announces the appointment of Huberto Ennis as group vice president and Gina Friese as assistant vice president.
The Richmond Fed’s July Economic Brief highlights new research that suggests buyers’ differing ability and willingness to shop around might explain price dispersion – wide variations in price for the same product.
The Federal Open Market Committee today reaffirmed its view that the current target range of 0 to .25 percent for the federal funds rate remains appropriate.
In the latest issue of Economic Quarterly, Richmond Fed Economist Marianna Kudlyak, St. Louis Fed Economist Maria E. Canon, City University of Hong Kong Assistant Professor Guannan Luo, and Richmond Fed Research Assistant Marisa Reed find that changes in the transition probabilities to and from PTER in the aftermath of the recession mainly impact the composition of employment instead of the distribution of individuals between employment and non-employment.
The Federal Reserve Bank of Richmond’s June Economic Brief highlights new research that compares failures of community and midsize banks in 1986–92 with those in 2007–13 as a way of evaluating the Federal Deposit Insurance Corporation Improvement Act (FDICIA) and the international Basel Accord (Basel I).
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 Bank of Richmond has appointed E. Stephen Lilly, chief operating officer of First Community Bancshares Inc. and First Community Bank of Bluefield, Virginia, as chair of the Richmond Fed’s Payments Advisory Council.
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 28-29, 2015.
The Federal Reserve Bank of Richmond today released its 2014 Annual Report, which features the essay, "Living Wills: A Tool for Curbing ‘Too Big to Fail.'"
A slew of Web startups have launched the “sharing” economy, making it easier for individuals to rent out their homes to travelers and to provide transportation services using their own cars, among other endeavors. The sharing economy may increase consumer welfare by giving consumers new choices. But critics argue that these businesses have gained an unfair advantage over incumbents by ignoring regulations designed to protect consumers.