As the nation’s central bank, the Federal Reserve sets monetary policy, supervises and regulates member financial institutions and provides an array of financial services.
Jeff Lacker became president of the Federal Reserve Bank of Richmond on August 1, 2004. Previously, he was the Director of Research.
Mark L. Mullinix is First Vice President and Chief Operating Officer at the Federal Reserve Bank of Richmond.
Economic research at the Federal Reserve Bank of Richmond covers a broad spectrum, including monetary policy, macroeconomics, banking, financial institutions and markets, payments systems, national and regional economic conditions and supporting functions. Our economists provide direct input to policymakers as well as briefings that address current policy issues for the president, the board of directors and others in the Federal Reserve System.
The Management Committee, led by the president and first vice president and including senior executives from all our business areas across the Fifth District, establish and guide implementation of the operational and strategic goals of the Richmond Federal Reserve.
Our vision is to be a trusted advisor that supports Bank leaders and employees in their goals to harness the power of diversty and inclusion to drive business results and individual performance.
In the Fifth District, the Federal Reserve Bank of Richmond is supervised by nine directors who are either elected by member banks or selected by the Board of Governors. Additionally, the branch offices in Baltimore and Charlotte each have a board of seven directors, who are appointed by the Richmond Fed or the Board of Governors.
The Board of Governors and each Federal Reserve Bank use advisory and working committees to assist them in their work, to provide insights into specific issues and to facilitate understanding and education regarding the Federal Reserve's role in the nation's economy.