Andy Bauer and Amy Liu discuss the direct and spillover economic effects of the recent reductions in federal employment and spending on the District of Columbia, Maryland, and Virginia. Bauer is a regional executive at the Federal Reserve Bank of Richmond and Liu is a non-resident senior fellow at the Brookings Institution and co-author of the DMV Monitor.
Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2026/speaking_2026_02_04_federal_govt_cuts
