Jason Kosakow and Adam Scavette review the economic effects of the collapse of the Francis Scott Key Bridge in Baltimore on the national, regional, and local level. Kosakow is the Richmond Fed's survey director and Scavette is a regional economist at the Bank's branch office in Baltimore.

Upcoming Event: The general public is invited to join the Richmond Fed on Wednesday, May 15, for an enlightening conversation on the state of the economy, consumer and business sentiments, and the potential implications of any disconnect between the two. Registration required.

The Richmond Fed’s Community Investment Council convened to share insights centered around our Bank’s community development goals for our region and to discuss some of the issues that impact the work including the labor market and current economic conditions of households and communities. Leaders representing all states within the Fifth District met at the Richmond location.

Fifth District firms expect a limited impact to their businesses due to the collapse of the Francis Scott Key Bridge, although the impact varies across industries.

More than 40 bankers from institutions across the Fifth Federal Reserve District recently convened for the Richmond Fed's Community Bank Credit Forum.

Adam Scavette, a regional economist at the Baltimore branch of the Richmond Fed, and Keith Waters of George Mason University discuss their analysis of migration patterns in Maryland and how they might help explain a significant reduction in the state's workforce since the COVID-19 pandemic.