Time for a Career Change? Inter-Industry Job Mobility in the Fifth District

Taking Stock of Community Development Financial Institutions

Join us Oct. 29 for a Webinar on Rural Prosperity

"It used to be that people would [move] to places where prospects were better. But as places get more even, there's less of a pull to move for better opportunities, because now, you can get good jobs where you live."

Urvi Neelakantan

Senior Policy Economist

Interview on the Indicator Podcast from Planet Money "Why Americans don't want to move for jobs anymore"

Listen now >

Events Calendar

Oct. 29, 2025

Investing in Rural America Webinar Series: Rural Prosperity

2 p.m. – 3 p.m.

Virtual

Nov. 3, 2025

CORE Week

Richmond Office
Richmond, VA

Nov. 12, 2025

Small Businesses, Big Insights: What Local Businesses Can Tell Us About the Economy

2 p.m. – 5 p.m.

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:

Help Keep Banks Safe and Sound

We help make sure banks in our district follow applicable laws and regulations.

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

30%

of respondents to the third quarter CFO Survey marked tariff and trade policy as a top concern. However, the overall outlook for the U.S. economy among financial decision-makers improved somewhat in the third quarter of 2025, as uncertainty declined.

See more from the Q3 CFO Survey >