The Richmond Fed business survey asked firms about their pricing strategies and found that firms have adjusted prices more ...

We report and discuss recent estimates of the natural real rate of interest, denoted r*. We analyze how the current flow of data renders r* estimates less reliable, and we consider some changes in the ...

Non-credit workforce training can provide community college students with a pathway to the workforce, but data are limited. This post explores non-credit students, including how the Richmond Fed ...

Our financial economists introduce the first cyber-risk forecasting framework covering nearly all U.S. banks, predicting whether a bank will experience a cyber incident within the next year. Combining ...

Carmen Reinhart is a leading authority on financial crises in both advanced and emerging economies thanks to timely and groundbreaking research like her acclaimed 2009 book, This Time is Different: ...

We are excited to announce the upcoming 2026 Investing in Rural America Conference, a flagship event for the Richmond Fed’s Center for Rural Economies. Mark your calendars for September 30 – October 2 ...

Interest on reserves allows the Federal Reserve to pursue an appropriate monetary policy even with a high level of excess reserves. However, a banking system flush with excess reserves can raise the ...

Published from 1993 to 2020, this journal contained articles on monetary theory and policy, banking and finance, and the payment system. Its predecessor, Economic Review, was published from 1974 to ...

Fed policymakers tend to project that inflation will return to target within three years, regardless of whether inflation is running higher or lower than target.

Along with the other Reserve Banks, we help carry out the Fed’s public service mission to promote a sound financial system and a healthy economy, in accordance with the policies and practices ...

Where can I find information on U.S. Treasury savings bonds and securities? Visit TreasuryDirect for information on savings bonds and securities, or call customer service toll free at (800) 722-2678, ...

Non-credit workforce training can provide community college students with a pathway to the workforce, but data are limited. This post explores non-credit students, including how the Richmond Fed ...