The Fed’s Interest in Workforce Development

Mark Mullinix

Speech from Federal Reserve Bank of Richmond

Abstract: Good afternoon. I’m pleased to be here with so many leaders and thinkers from throughout our community. It’s not often that Federal Reserve officials get to share a stage with artists and religious leaders and historians and public health experts, to name just a few of the many disciplines represented here. In fact, I’d posit that it’s not often a crowd this intellectually diverse gets together, period — which is a testament to both the importance and the complexity of the challenges and opportunities we’re discussing. Before I say any more, I have to note that my remarks represent my own views and not necessarily the views of the Richmond Fed or the Federal Reserve System. In a few minutes, you’ll be hearing from some of the Fed’s community development team about our efforts in workforce development. This might prompt you to ask two questions: Why does the central bank have a community development function? And why is the central bank interested in workforce development?

Date: 2018-04-24
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