Maggie Lena Walker built the St. Luke Penny Savings Bank to last. When it opened its doors in Richmond's Jackson Ward district in 1903, Walker became the first Black woman to establish a bank in the United States.

Techniques at the frontiers of econometrics were addressed by economists during a recent research conference.

Today's inflationary snarls reflect both supply shocks and policy stimulus

A brief review of the development of the Hornstein-Kudlyak-Lange Non-Employment Index, an alternative to the standard unemployment rate that includes all non-employed individuals and accounts for persistent differences in their labor market attachment.

There can be high returns to earning an economics degree, helping to draw students to the profession.

How might a CBDC alter the banking system? How does credit easing affect bank runs? These and other questions were addressed during a recent Richmond Fed conference.

Policymakers are considering possible design features

Among the topics covered at the Marvin Goodfriend conference were Fed bond facilities' impact on corporate credit risk and how trade leads to a global Phillips curve.

How did unemployment insurance expansion affect recovery from the pandemic-induced recession? What are the effects of federal minimum wage hikes? A recent research conference addressed these questions and more.

They've received enduring, yet tepid, bipartisan support since the 1960s

Regulators are considering changes to how the 1977 law is implemented

Do payday loan regulations help or harm consumer welfare? How many firms close due to financial market inefficiencies? These were among questions addressed at a recent research workshop.

His Pax Mongolica connected Europe and China, leading to exchanges of technology and culture

Since 1980, survey forecasts have been modestly and consistently higher on average than the forecasts derived from a signal extraction model.

The policies were gradually phased out in many advanced and emerging economies. Will they come back?

The industry was hit hard by offshore competition

The COVID-19 pandemic is forecast to negatively affect state and local government revenues. In the absence of sizable federal transfers, this is likely to disrupt spending on critical services — including education — in ways that may have long-lasting effects.

Loan forbearance and other debt relief measures have been part of the effort to help struggling households and businesses.

Since March, the federal government has taken many measures to provide support in response to the COVID-19 pandemic.

The market for repurchase agreements has repeatedly adapted to changing circumstances

Banks in the United States have long had choices between state and federal banking authorities

Richmond Fed economist Borys Grochulski researches the effects of shadow banking on bank liquidity regulation