Javier Silva and Tony Davis, Communications and Outreach

Last month, U.S. Surgeon General Dr. Vivek Murthy joined New York Fed President John Williams for a moderated discussion on the intersection of health and the economy, national efforts to promote a healthy workforce, and lessons learned during the pandemic. Among other things, they discussed the link between broadband access and healthcare and the connection between infrastructure investments and health. As President Williams has noted, the New York Fed’s mission is to make the economy stronger for all, “but we can’t have a healthy economy without a healthy workforce.”

Andrew Dumont, Senior Community Development Analyst, Federal Reserve Board

On May 24, the New York Fed, in collaboration with the Federal Reserve Board of Governors, is hosting “Investing in Rural Prosperity,” an event that will explore opportunities to advance shared economic prosperity in rural communities across the U.S. The event will draw from, and build on, the insights in a book by the same name that I co-edited and which was published by the St. Louis Fed in collaboration with the Board of Governors.

Several contributors to the book will speak at next week’s event, and some of their key insights are summarized below.

Edison Reyes, Communications and Outreach

Clara Miller, president emerita of the F.B. Heron Foundation, will be the featured speaker at “Money and Mission: Creating 21st Century Capital Markets for Better Social Outcomes,” an event on May 17 focused on the potential to invest philanthropic dollars in a manner consistent with nonprofits’ missions.

Ahead of the event, we spoke with her about challenges related to the philanthropic model and where she’s seeing improvements. The conversation has been lightly edited and condensed for clarity.

Maria Carmelita Recto and Edison Reyes, Communications and Outreach

New York State’s eviction moratorium, which was enacted as part of the state’s pandemic-relief efforts, expired on Jan. 15, 2022, putting thousands of renters at risk.

Dominic Ramos-Ruiz, Federal Reserve Bank of New York, and Sami Jarrah, New York City Department of Health and Mental Hygiene

On January 19, the New York Fed, in partnership with the New York City Department of Health and Mental Hygiene, hosted “Investing in Health,” a virtual event that brought together health and business leaders to examine how the private sector is investing in public health, measuring outcomes, and devising mechanisms to boost private investment in underserved communities.

Edison Reyes, Communications and Outreach

On November 18, the New York Fed hosted “An Economy That Works for All: Fostering Low-Income Homeownership,” a virtual event that featured the latest Fed research on mortgage forbearance and refinancing. The event also featured two discussions: one on preparing low-income families for home ownership, and another on efforts by banks and financial institutions to address hurdles to first-time homebuying for low-income families.

Maria Carmelita Recto and Edison Reyes, Communications and Outreach

In the United States, buying and owning a home is seen as a critical wealth-building tool, particularly for lower-income households and people of color.

Tony Davis, Dominic Ramos-Ruiz, and Javier Silva, Communications and Outreach

More than 38 million people in the U.S. were considered food insecure in 2020, relying on food pantries and community-based programs to stave off hunger. Hunger and food insecurity have dire economic consequences. For instance, young children who experience food insecurity tend to be less prepared for school, with lifelong impacts on earnings and health.

Belicia Rodriguez and Edison Reyes, Communications and Outreach

The New York Fed gathered experts for two recent roundtable discussions to learn about the impact of extreme heat and poor air quality on low- and moderate-income communities and communities of color. Here are five takeaways from the discussions:

Claire Kramer Mills and Edison Reyes, Communications and Outreach

Solar power installations in residential homes have long been a luxury good, with high upfront costs creating an insurmountable hurdle for low-income homeowners, and incentives that leave out renters.