Lending by small and large domestic banks, and foreign-related banks evolved in distinctly different ways during the first several months of the COVID-19 pandemic.
Community development financial institutions (CDFIs) have provided financial relief through COVID-19. Results from the Federal Reserve's COVID-19 CDFI Survey shed light on their current state.
The U.S. economy's strong aggregate performance hides the struggles of those hit hardest by the pandemic -- low-wage workers, minorities, and those with existing financial distress.
During most of the COVID-19 pandemic, regions with high financial distress saw disproportionately more infections and deaths than regions with low financial distress. As of February 2021, cumulative infections appear more evenly distributed while total deaths remain higher in financially distressed regions.
Richmond Fed economists have developed a new model to study the racial wealth gap that they believe will enable them to better understand household differences.
Richmond Fed Research Director Kartik Athreya spoke about the benefits of a market system — and the places where that system falls short.
Loan forbearance and other debt relief measures have been part of the effort to help struggling households and businesses.
As the COVID-19 pandemic forced schools to shift their approach to instruction, the Fed and other economic and financial literacy organizations pivoted, too.
John Bailey Jones shares his work on the medical spending of the elderly and other financial decisions people make as they age.
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