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We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

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Economic Brief

Economic Brief masthead

Our latest research on these topics

Monetary Policy and Inflation
Education and Labor Markets
Economic Growth and Fiscal Policy
Regional and Urban Economics
Banking and Finance

Featured

Fed's balance sheet

Article

How Secondary Trade Affects Social Welfare in an Over-the-Counter Market

December 2025, No. 25-46

By Nicholas Trachter and Spencer Cooper-Ohm

The structure and regulation of OTC markets can help maximize the social benefit that they provide.

Air traffic control employees at work.

Article

The Value of Government Services: Evidence From Flight Delays During the 2025 Shutdown

December 2025, No. 25-45

By Russell Wong

An estimated 1 million extra work-hours of delay were incurred during the 43 days of shutdown beginning Oct. 1, costing $66 million nationwide.

Monetary Policy and Inflation

Article

Row of wooden blocks with the individual letters of "PCE" spelled.

December 2025, No. 25-44

Zach Edwards, Pierre-Daniel G. Sarte and Sonya Ravindranath Waddell

Predicting PCE Using the Richmond Fed Price Measure

Article

Businessman holding a wooden block with the word inflation above blocks with upwards-facing arrows and percentage signs.

October 2025, No. 25-40

Willem Van Zandweghe and Alexander L. Wolman

Inflation and the Timing of Actions With Discretionary Monetary Policy

Article

Job applicants waiting in a line of chairs as they review their notes.

August 2025, No. 25-32

Marios Karabarbounis

How to Gauge Maximum Employment

Education and Labor Markets

Article

A paper's headline reads "The credit crunch" and is placed on top of a one-dollar bill.

November 2025, No. 25-41

Carlo Alcaraz, Nicolas Amoroso, Rodolfo Oviedo, Alex Rivadeneira, Brenda Samaniego de la Parra and Horacio Sapriza

Credit Supply Shocks During a Nonfinancial Recession

Article

Close up on a couple passports laying on a vintage map with one open to show a visa.

October 2025, No. 25-39

Nicolas Morales

Understanding the Potential Impact of H-1B Visa Program Changes

Article

Kitchen employee sweeping around their station.

September 2025, No. 25-36

Katarína Borovičková and Claudia Macaluso

Do Federal Layoffs Have Ripple Effects on Local Economies?

Economic Growth and Fiscal Policy

Article

A group of business professionals brainstorm over a table with documents, charts, and infographics spread across.

November 2025, No. 25-42

Noise Bargaining: A New Perspective on Single Proposers, Negotiation and Delays

Article

A paper's headline reads "The credit crunch" and is placed on top of a one-dollar bill.

November 2025, No. 25-41

Carlo Alcaraz, Nicolas Amoroso, Rodolfo Oviedo, Alex Rivadeneira, Brenda Samaniego de la Parra and Horacio Sapriza

Credit Supply Shocks During a Nonfinancial Recession

Article

Stacked wooden blocks with a red arrow trending downwards on the left and a green arrow trending upwards on the right.

October 2025, No. 25-37

Liyu Dou, Paul Ho and Thomas A. Lubik

What Drives Business Cycles?

Regional and Urban Economics

Article

Beachfront homes on a sunny day.

November 2025, No. 25-43

Toan Phan and Nick Weitzel

Sea Level Rise and Effects on House Prices

Article

Close up of businessman aiming at the part of the contract that should be signed.

October 2025, No. 25-38

Alessandro Rebucci, Horacio Sapriza, Alex Sclip and Daniel te Kaat

Banks' Credit Lines to Nonbank Mortgage Companies and Downstream Mortgage Originations

Article

Close-up on a client looking at a house brochure at a real estate showing.

September 2025, No. 25-35

Borys Grochulski and Zhu Wang

How Exclusive Homebuyer Representation Contracts Help Keep Commissions High

Banking and Finance

Article

A paper's headline reads "The credit crunch" and is placed on top of a one-dollar bill.

November 2025, No. 25-41

Carlo Alcaraz, Nicolas Amoroso, Rodolfo Oviedo, Alex Rivadeneira, Brenda Samaniego de la Parra and Horacio Sapriza

Credit Supply Shocks During a Nonfinancial Recession

Article

Close up of businessman aiming at the part of the contract that should be signed.

October 2025, No. 25-38

Alessandro Rebucci, Horacio Sapriza, Alex Sclip and Daniel te Kaat

Banks' Credit Lines to Nonbank Mortgage Companies and Downstream Mortgage Originations

Article

Lender going over mortgage agreement with a homebuyer.

August 2025, No. 25-33

Daniel te Kaat, Alessandro Rebucci, Horacio Sapriza and Alex Sclip

Bank Liquidity and Financing of Nonbank Mortgage Companies