Reviews economic conditions in the Fifth District during 2018 and includes the article "Are Markets Becoming Less Competitive?"
Tom Barkin reflects on how market power affects suppliers and the broader economy.
Many sectors of the U.S. economy seem to be increasingly dominated by a handful of large and powerful players. Some policymakers have argued that this growing concentration is a sign of weakening competition. However, concentration by itself is not necessarily a sign of market power. Thus, researchers have been looking at whether market power, not simply market concentration, is on the rise. As this essay by senior economics writer Tim Sablik and senior economist Nicholas Trachter explains, it may be too soon to reach a decisive conclusion.
A summary of economic conditions in the Fifth District during 2018
Becky Bareford highlights the Bank's commitment to diversity and inclusion.
Photos and listings of the Bank's boards of directors and advisory councils
Photo of the Richmond Fed's Management Committee and a listing of the Bank's officers and senior professionals
Photo of the National IT Management Council and a listing of National IT officers and senior professionals
Includes links to the Bank's comparative financial statements for 2018 and 2017 and the independent auditors' report and the statement of auditor independence