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Economic Expansions

Economic expansions are characterized by growing employment and economic output.
<p>Annual report of the Federal Reserve Bank of Richmond, 1966 (via <a href="https://fraser.stlouisfed.org/title/annual-report-federal-reserve-bank-richmond-471/1966-annual-report-18185">FRASER</a>)</p>

Annual report of the Federal Reserve Bank of Richmond, 1966 (via FRASER)

 

Last updated October 12, 2023

Essays in This Theme

The Fed's Formative Years - After the Federal Reserve Act was signed in 1913, the Federal Reserve came into its own in the two decades that followed.

From the Treasury-Fed Accord to the Mid-1960s - From 1951 to the mid-1960s, the Federal Reserve used the independence it gained with the Treasury-Fed Accord to create a new kind of monetary regime.

The Great Moderation - The mid-1980s to 2007 was a welcome period of relative macroeconomic stability after the volatility of the Great Inflation.