At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
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.
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:
On Monday, September 27, New York Fed President John Williams spoke about the economic outlook, inflation, and monetary policy at an event hosted by the Economic Club of New York.
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.
Getting high school students to think like economists: That’s the goal of the High School Fed Challenge.
The New York Fed’s Economic Education team recognizes the vital role teachers continue to play on the front lines of the pandemic, and we value and appreciate their work. Educators are charged with instilling knowledge and inspiring curiosity, and because today’s students include tomorrow’s policymakers, the New York Fed has a suite of online resources available to support teachers in the study area of economics.
On Wednesday, September 8, New York Fed President John Williams spoke about the economic outlook, inflation, and monetary policy at an event hosted by St. Lawrence University.
Less than a year after they purchased their first home, Daphany Rose Sanchez and her family were on the roof, surrounded by water, waiting to be rescued.
On Monday, June 21, New York Fed President John Williams spoke at a meeting hosted by the Midsize Bank Coalition of America about the transition away from the London Interbank Offered Rate (LIBOR) and the economic outlook and recovery from the pandemic.
The New York Fed’s Community Development Team has adopted a new strategy, focusing its energies on three key areas: health, climate, and household financial wellbeing. Our goal is to identify emerging solutions — especially those focused on fostering racial equity and improving life for underserved communities. In this post, we look at the economic effects of climate change and the importance of fostering resiliency. We also invite you to an event on June 3 at which we will outline our approach to these focus areas.
