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.
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.
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.
On Wednesday, November 17, New York Fed President John Williams spoke at the 2021 U.S. Treasury Market Conference, co-hosted by the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission.
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.
