Philadelphia Fed launches new research institute
Research body is tasked with better understanding consumer behaviour
The Federal Reserve Bank of Philadelphia launched a new research body on September 8, tasked with gaining a better understanding of consumer behaviour and how it impacts the US economy.
The Consumer Finance Institute is an offshoot of the regional Fed’s Payment Cards Center, which launched in 2001 with the goal of filling a gap in research into consumer credit and payments. Speaking at the launch of the new institute, Philadelphia Fed president Patrick Harker said the intervening years had
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