A safe, efficient, secure and broadly accessible U.S. payment system is crucial to the U.S. economy and contributes to the nation’s financial stability. As the nation’s central bank, the Federal Reserve has a stake in ensuring that the payment system is functioning at its highest level. This year’s annual report examines a project the Fed is spearheading to improve the payment system. The essay is written by St. Louis Fed First Vice President David Sapenaro, who recently completed his responsibilities as the project’s interim payments strategy director.
The Beige Book is a summary of current economic conditions in the Eighth District. The information is gathered via survey and interviews from business contacts, economists, market experts, directors of the Bank and its branches, and others. This online-only publication links to the full document, which includes similar anecdotal reports from the 11 other Fed districts. Published eight times per year.
Connecting Policy with Frontier Research is a conference volume based on interviews with presenters at our Annual Fall Conference. The conference seeks to provide perspectives on whether economic policies adopted in the past still work well today and whether developments at the frontier of research can be applied to improve policy.