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The Richmond Fed at St. Paul’s

October 09, 2009

In our largest Eyes on Richmond ever, over 140 people attended today's lunch with Jeffrey Lacker, President of the Federal Reserve Bank of Richmond. 

For those who missed it -- or wish to listen to his remarks again -- click on the player below. You can listen to Buford Scott's highly informative introduction, as well as Mr. Lacker's remarks. 

Remarks to remember:

"In the middle of the year, probably sometime around June or July, the contraction in economic activity came to an end. And economic activity has been increasing since then. Now, the economy is made up of millions and millions of people so not everyone is feeling it the same way. Some people are doing very well. Some people stabilize. And the unemployment rate is still increasing so the labor market is still soft. And, people who have lost their jobs, many of them are having a hard time finding a new job. So, just because the contraction is over doesn't mean the pain is gone. It's going to be a painful situation for many people for awhile." 

Another quote to remember: "There but for the Grace of God go I."

The call to care continues and at St. Paul's, there are a number of ways to get involved.

Next week at Eyes on Richmond, Reggie Gordon will speak about "The Call to Care in Troubled Times." Tomorrow, the Fort Lee Army Band will perform here in a Concert for Caring with the Sonorous Brass Company at 4:00 PM. The concert is free; we only ask that you bring a food item to donate to our Food Pantry.


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