The Federal Reserve Bank of Richmond News

Fifth District economy shows modest growth amid challenges

The Federal Reserve has released its latest report on the Fifth District economy, indicating modest growth since the previous assessment.

Richmond Fed announces director appointments for 2025

The Federal Reserve Bank of Richmond has announced new director appointments for 2025.

Tom Barkin to address Maryland bankers at economic forum

Richmond Federal Reserve President Tom Barkin is set to address the First Friday Economic Outlook Forum on January 3, 2025.

Toyota plant drives economic shift in Randolph County

In November, President Tom Barkin and Regional Executive Matt Martin of the Federal Reserve Bank met with community and business leaders in North Carolina's Randolph and Chatham counties.

CFOs show increased optimism post-election despite concerns over tariffs

CFOs have shown increased optimism about the economy following the recent presidential election, according to The CFO Survey.

Richmond Fed announces leadership changes within supervision division

The Federal Reserve Bank of Richmond has announced several new appointments.

Tom Barkin discusses unexpected economic resilience at Baltimore summit

The Federal Reserve Bank of Richmond's President, Tom Barkin, addressed the Baltimore Together Summit at Baltimore Center Stage in Maryland.

Tom Barkin to speak at Baltimore Together Summit on November 12

Richmond Federal Reserve President Tom Barkin is set to address the Baltimore Together Summit on November 12, 2024.

Fifth District sees modest economic growth amid challenges from Hurricane Helene

Economic activity in the Fifth District of the United States has seen modest growth, according to a recent report by the Federal Reserve. Consumer spending increased slightly, with a rise in business travel offsetting a decline in leisure travel. Residential real estate activity experienced a minor slowdown, while commercial real estate remained stable.

Federal Reserve highlights role of community colleges in workforce development

The Federal Reserve Bank of Richmond recently highlighted the significant role community colleges play in workforce development. During a speech at the 2024 Virginia Education and Workforce Conference, Tom Barkin, President of the Federal Reserve Bank of Richmond, emphasized the importance of these institutions in addressing labor market imbalances.

Barkin to discuss community colleges at Virginia Education and Workforce Conference

The Federal Reserve Bank of Richmond has announced that its president, Tom Barkin, will be addressing the Virginia Education and Workforce Conference. The event is scheduled for October 23, 2024, at the Greater Richmond Convention Center in Richmond, Virginia.

Federal Reserve releases FOMC meeting minutes from September

The Federal Reserve has released the minutes from the Federal Open Market Committee (FOMC) meeting held on September 17-18, 2024. These minutes are typically published three weeks following the policy decision date. They provide a detailed account of the economic and financial conditions considered by the Committee during their discussions.

Fed official discusses rate cuts amid progress on inflation

The Federal Reserve Bank of Richmond President, Tom Barkin, addressed the current economic situation at the 2024 UNCW Economic Outlook Conference in Wilmington, N.C. During his speech, he discussed recent decisions by the Federal Open Market Committee (FOMC) and their implications for inflation and economic growth.

Farmville leverages education and tourism amid economic challenges

In August, President Tom Barkin, Regional Executive Renee Haltom, and Regional Community Development Manager Jarrod Elwell met with local community and business leaders in Farmville, Virginia. The meeting aimed to understand the economic strengths and opportunities of the region as part of the Bank’s Community Conversations program.

Richmond Fed President Tom Barkin to speak in Wilmington on October 2

Richmond Federal Reserve Bank President Tom Barkin is scheduled to speak at the 2024 WilmingtonBiz Conference & Expo on October 2, 2024. The event will take place at the Wilmington Convention Center in Wilmington, North Carolina.

CFOs remain optimistic despite economic uncertainties heading into late 2024

CFOs remain largely optimistic about their economic trajectory as they plan for the last quarter of 2024, according to The CFO Survey, a collaboration of Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta.

Federal Reserve reports mild slowdown across Fifth District economic activities

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

Federal Reserve releases FOMC meeting minutes from July 30-31, 2024

The Federal Reserve, the central bank of the United States, released the minutes of the Federal Open Market Committee (FOMC) meeting held on July 30–31, 2024. The minutes were made public on August 21, 2024, at 2:00 p.m. EDT.

Federal Reserve's Tammy Hornsby-Fink wins inaugural ORBIE award for CISOs

On July 12, Tammy Hornsby-Fink, the Federal Reserve System's chief information security officer (CISO), received the first-ever ORBIE® award in the CISO Public Sector category.

Richmond Fed announces Scott Werry as new director

The Federal Reserve Bank of Richmond has announced the election of Scott Werry, managing partner of Altas in Chapel Hill, North Carolina, as a Class B director. This appointment is part of the bank's ongoing efforts to support economic stability and strength.