The Teller Window - A view into the work of the New York Fed

May 5, 2023

Key Takeaways From Our Recent Work on Private Investments in Affordable Housing

Ellen Simon

The New York Fed’s Community Development team is researching what private investments in affordable apartments mean for the supply of affordable rentals and the rents tenants pay. As part of that work, the team published a case study in March based on a survey of managers of private investment vehicles, which found that respondents raised a median $300 million in equity for affordable-housing private investment vehicles since 2017. The team also brought together private investors, affordable-housing advocates, and experts in the field for an in-person event on March 27, 2023.

Posted in Community Development | Permalink

May 4, 2023

Growth, Housing, Jobs, and Education: Hearing Firsthand About Fairfield County’s Economy

Shawn Phillips, Andrea Grenadier, Javier Silva, and Ellen Simon

On March 31, New York Fed President John C. Williams traveled to Fairfield County, Connecticut, to hear from local stakeholders about economic conditions in the region. Fairfield County is part of the Federal Reserve’s Second District, which also encompasses New York State, Northern New Jersey, Puerto Rico, and the U.S. Virgin Islands. During the daylong visit, President Williams met with government officials, students, business owners, job seekers, and nonprofit and community leaders. Here are the key themes that emerged in these meetings and discussions:

Posted in Regional Visits | Permalink

April 19, 2023

Key Takeaways from President Williams’s Speech on Attaining and Maintaining Price Stability

Ellen Simon

On Wednesday, April 19, 2023, New York Fed President John Williams spoke at an event hosted by the Money Marketeers of New York University. He discussed inflation, credit conditions, and the steps the Federal Reserve is taking to restore price stability.

Posted in Economic Outlook | Permalink

April 12, 2023

Through Pro Bono Program, New York Fed Legal Group Volunteers Bring Services to Those in Need

Brian Manning

The New York Fed’s Legal Group launched the Pro Bono Legal Work Program in early 2021 to encourage staff to provide free legal services to those in need.

Posted in Community Development | Permalink

March 31, 2023

Key Takeaways from President Williams’s Speech on Achieving Balance Amid Uncertainty

Ellen Simon

On Friday, March 31, 2023, New York Fed President John Williams spoke at an event hosted by Housatonic Community College. He discussed inflation, credit conditions, and the ways in which monetary policy is working to restore balance in the economy.

Posted in Economic Outlook | Permalink

February 16, 2023

Bringing the HE³AT: New Program Invites High School Students to the New York Fed for Hands‑on Learning

Ellen Simon

Four students work on an assignment in the New York Fed Museum & Learning Center, as part of the HE3AT program run in partnership with the New York City Department of Education and the Brooklyn South School District.

The high school students sitting in small groups in the New York Fed’s Museum and Learning Center had received clear instructions about the 30 paper slips on each group’s table: Using their non-dominant hands, students could grab one piece of paper at a time during each of five 20-second rounds. At the end of each round, each group would receive either double the number of slips left on the table or 10 additional slips. The goal: Maximize the number of paper slips held by each group.

Posted in Economic Education | Permalink

February 14, 2023

Key Takeaways from President Williams’s Speech on the Economic Outlook and Monetary Policy

Judy DeHaven

On Tuesday, February 14, 2023, New York Fed President John Williams spoke at an event hosted by the New York Bankers Association. He discussed inflation, imbalances in supply and demand, and the ways in which monetary policy is working to restore balance in the economy.

Posted in Economic Outlook | Permalink

February 9, 2023

Key Takeaways from Dianne Dobbeck on Innovation in Community Banking

Shelley Pitterson

In an article for the Federal Reserve System’s Community Banking Connections publication, Dianne Dobbeck, head of Supervision at the New York Fed, discussed technological developments in the financial services industry and the need for firms to practice responsible innovation to protect consumers and ensure the safety and soundness of the financial system.

Posted in Supervision | Permalink

January 26, 2023

At the New York Fed: The Eighth Annual U.S. Treasury Market Conference

Leon Barker, Frank Keane, Monica Scheid, Ellen Correia Golay, and Rania Perry

On November 16, 2022, the New York Fed hosted the eighth U.S. Treasury Market Conference. This annual event is an opportunity for market participants, official sector representatives, academics, regulatory authorities, and other stakeholders to gather and discuss key developments, policy issues, and recent trends in the market for U.S. Treasury securities. It is co-sponsored with the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the U.S. Securities and Exchange Commission (SEC), and the U.S. Commodity Futures Trading Commission (CFTC), and after two years of virtual convenings was held in person again for the first time since 2019. Here are highlights from featured speakers and takeaways from the panel discussions.

Posted in Financial Markets | Permalink

January 19, 2023

Key Takeaways from President Williams’s Speech on Rebalancing and Realignment in the Economy

Julie Lasson

On Thursday, January 19, 2023, New York Fed President John Williams spoke at an event hosted by the Fixed Income Analysts Society. He discussed inflation, the continued imbalances between supply and demand, and the effects that monetary policy is having on different sectors of the economy.

Posted in Economic Outlook | Permalink