Federal Reserve
FEDPaper
Hours elasticity rises in recessions, capacity use explains why
A new Federal Reserve paper finds that the aggregate hours elasticity is significantly higher in recessions than in expansions.
Focus
FEDNews
Fed seeks comment on new anti-money laundering program rules
The Federal Reserve Board is inviting public comment on a proposed rule to update anti-money laundering and countering the financing of terrorism (AML/CFT) program requirements for its supervised banks.
FEDPaper
Machine Learning improves volatility forecasts
A Federal Reserve working paper introduces a machine-learning framework to forecast implied volatility by partitioning the option surface.
Latest
FEDSpeech
Bowman details AI sound practices, seeks feedback
Federal Reserve Vice Chair for Supervision Michelle W. Bowman discussed the Financial Stability Board's consultation report on sound practices for artificial intelligence.
FEDSpeech
Waller says initial conditions and guidance shape transmission
Federal Reserve Governor Christopher J. Waller highlighted two key aspects of monetary policy transmission at a conference in Rome.
FEDPaper
Study links Fed survey to credit card mail offers
Federal Reserve researchers link the Senior Loan Officer Opinion Survey (SLOOS) with credit card mail offers.
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FEDNews
Noncash payments reach 236.6 billion, tripling since 2000
The Federal Reserve on Wednesday issued initial findings from its 2025 triennial payments study, revealing that noncash payments by consumers and businesses increased to 236.6 billion in 2024.
FEDNews
2026 list of distressed, underserved rural areas released
The Federal Reserve and other agencies have released the 2026 list of distressed or underserved nonmetropolitan middle-income geographies.
FEDPaper
Financial frictions drive firm productivity differences, TFP variance
A new FEDS paper models how financial frictions cause productivity differences across firms, widening dispersion in downturns.
FEDPaper
Age properties accelerate heterogeneous-agent models
A new Federal Reserve paper introduces a method to compute Sequence-Space Jacobians for heterogeneous-agent overlapping generations (HA-OLG) models orders of magnitude faster.
FEDNews
Large banks resilient to severe recession, stress test confirms
The Federal Reserve Board's annual bank stress test confirmed that large banks are well positioned to weather a severe recession.
FEDSpeech
Cook highlights small business AI use, Fed data importance
Federal Reserve Governor Lisa D. Cook emphasized the critical role of small businesses in the U.S. economy and the importance of high-quality data from the Fed's Small Business Credit Survey.