Economic Expansions
Economic expansions are characterized by growing employment and economic output.
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.
