Federal Reserve Bank of Richmond
Fed officials say strong economy gives them flexibility and time
Kugler, Barkin and Powell say upside and downside risks are evening out over time
Sovereign debt restructuring can be improved – paper
Authors recommend changes to GDP-linked debt and process of loss sharing
Cyber induced bank runs pose “huge risk”, says Richmond Fed’s Barkin
Banks lack proper cyber security metrics and should learn from other firms, argues senior Fed official
Dallas Fed president resigns, following Boston’s Rosengren
Both faced criticism for equities trading and holdings, but are not unique among Fed leaders
Senior Fed officials differ on taper
Powell stands firm, but two regional presidents suggest a sooner-than-later approach
Communities struggle to access stimulus funds – Richmond Fed
Barkin details challenges of getting relief funds to recipients
MMT rests on ‘untested statements’ – Richmond Fed paper
Authors warn that modern monetary theory rests on shaky foundations
People: UAE president restructures central bank board
Cleveland Fed appoints senior vice-president to head project on improving US Treasury’s tax collection
Richmond Fed: is US ready for digital dollar?
Brief argues there are questions to answer before embarking on CBDC
Barkin concerned over pandemic ‘scarring’
Richmond Fed chief says disruptions imperil access to jobs and economic growth
People: new deputy governor at Bank of Greece
Vice-presidents appointed at Cleveland and Richmond Feds; former Dominican Republic governor dies
Richmond Fed’s Barkin calls for more vocational training
Tom Barkin says US infrastructure workforce depleted; advocates more immigration
Paper finds little evidence of long-term scarring
Richmond Fed research finds short-term demand shocks rarely create hysteresis
Pandemic debt will test policy-makers – Richmond Fed research
Authorities may opt for “financial repression” policies with central banks keeping rates low – paper
US default rates could hit 8.1% without policy action – Richmond Fed
Loan forbearance policies could see this drop to “essentially zero” in 2021, researchers say
Is credit policy the new normal for the Fed?
Three former senior Fed officials look back on an unprecedented month of policy action
Richmond Fed paper examines use of discount window
Facility not typically used in “life or death” scenarios, researchers find
Marvin Goodfriend, 1950–2019
The leading economist and former Fed official died on December 5
Uncertainty is lessening monetary policy effectiveness, Fed president says
Policy-makers at risk of not getting same “bang for the buck”, Tom Barkin says
Fed has a risk management problem – Richmond Fed president
“The economy is giving us conflicting signals,” Tom Barkin says
Senior Fed officials diverge on future rate policy
Richmond Fed president Tom Barkin not convinced inflation concerns warrant a cut