RICHMOND, VA (WWBT) - The Federal Reserve Bank in Richmond is opening a new, $3.7 million exhibit for the public. It's called "The Fed Experience" and shows you the history of the Federal Reserve and the role the banks play in the economy. You'll see a half million dollar bar of gold and interactive displays for children where they can learn things like how prices are determined and how to make spending choices.
Richmond Fed President Jeffrey Lacker says the project was in the works even before the recession began. Said Lacker, "We were very eager to open our building to the public just because it's a Richmond landmark for one thing, but also just because we're the nation's central bank and its important people understand us for who we are and show that we don't have anything to hide here."