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.
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.
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.
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.
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.
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.
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 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 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.
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.
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.
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.
