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MAY 12, 2022

Here’s what you might have missed, and what’s coming up, at the Richmond Fed.

HAPPENING TONIGHT

Tonight at 7 p.m. we’ll host District Dialogues: Addressing the Wealth Gap, in which a panel of experts from across the Fifth District and beyond will cover Black-White wealth and income disparities, their origins and possible solutions for closing the gap. If you haven’t already signed up to attend, it’s not too late! Click the button below to register to join us either in person at the Richmond Fed or virtually via our event livestream.
Register Now
Interested in learning more about Black-White wealth and income gaps before tonight’s presentation? Our Richmond Fed team has spent the last month sharing insights and resources for further learning on the topic on our social media channels. Peruse the links below to learn more, then join the dialogue by sharing your own thoughts using the hashtag #DistrictDialogues.
  • Why Does the Fed Care? Research Director Kartik Athreya explained why the Fed is engaged in researching and understanding the Black-White wealth and income gaps. Watch video now on Twitter >
  • What’s the Income Gap? Senior Policy Economist Urvi Neelakantan hosted a Twitter Chat to share research and answer questions about the persistent income gap. Read the full Q&A >
  • Speaking of the Black-White Wealth Gap: Urvi recently joined District Dialogues panelist Kristen Broady of the Chicago Fed on Speaking of the Economy, the official podcast of the Richmond Fed, to discuss their research on the wealth and income gaps. Listen now >
  • What’s the Wealth Gap? Regional Executive and District Dialogues host Renee Haltom shared three primary factors that contribute to the wealth gap. See the video >

AROUND THE BANK AND BEYOND

  • From the President: “I grew up in the 60s and 70s — an era when inflation emerged and then became omnipresent and painful. A wage and price freeze left supermarket shelves bare. Twin oil crises led to panic at the pump,” President Tom Barkin shared in a speech earlier this week. Read more of his thoughts on why everybody hates inflation. As a bonus, check out our then vs. now LinkedIn post for a picture of President Barkin from the 1970's. 
  • Payments Innovation: The Fed plays an important role in our nation’s payments system, from cash and check processing to supporting electronic payments innovation. Learn more about this critical Fed function in a recent Speaking of the Economy podcast episode >
  • Community Conversations: Bank leaders recently headed to northeastern North Carolina to learn about the area’s opportunities to strengthen their communities. Learn more in our visit recap and stay tuned for next week’s Speaking of the Economy episode as we talk to one of our new connections from the trip.

IN CASE YOU MISSED IT

Manufacturing activity has continued to expand. See this month’s survey results >
FOMC votes for a half-point rate increase. Read the statement >
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