Regional Impacts of a Shrinking Federal Government

Firms and Artificial Intelligence: A Regional Update

Labor Market Data: Insights From the Government Shutdown

"Overall, [federal government cuts] just created a lot of uncertainty in the region, which has made it difficult for firms to lean forward when it comes to hiring, investing — any type of activity that would lead towards greater growth."

Andy Bauer

Regional Executive

Speaking of the Economy Podcast, Regional Impacts of a Shrinking Federal Government

Listen to the episode >

Events Calendar

Feb. 23, 2026

CORE Week

Richmond Office
Richmond, VA

Feb. 24, 2026

Technology Enabled Disruption Conference: Shaping the Future of Finance and Payments

9 a.m. – 6 p.m.

Federal Reserve Bank of Boston
Boston, MA

March 4, 2026

Investing in Rural America Webinar Series: Exploring Rural Trends and Why They Matter

2 p.m. – 3 p.m.

Virtual

View More Events

Who We Are and What We Do

As a regional Reserve Bank, the Richmond Fed works to strengthen the economy and the Fifth District communities we serve by helping to carry out the day-to-day operations of the Fed. Here's how we do it:

Keep Cash and Payments Flowing

We help keep the country’s electronic payment system running and make sure banks have enough cash and coin to do business.

Represent the Regional Economy

We represent our region in national monetary policy discussions that aim to keep prices and employment stable.

Engage in Our Local Communities

We listen and learn from regional voices, and we provide economic education and community development resources in support of a stronger economy for all.

Contribute Specialized Knowledge

We share our unique expertise with the Federal Reserve System, like the work we do to understand and uplift the economies of rural areas and small towns.

By the Numbers

55.9%

of respondents to our December Regional Surveys of Business Activity indicated that they currently use artificial intelligence in their business operations.

See more data from our December special questions >