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.
The night before certain Kansas City restaurants stopped smelling like barbecue, Justin Ikerionwu paused the TV to look out of his apartment window at downtown. He felt himself going down a rabbit hole of fear, consumed with what was known and unknown about COVID-19 and the way his Missouri community was shutting down. The streets below were empty.
Rocky Ridge Gas + Market doesn’t have an address — not a number, not a street name. Instead, those headed for it are told it’s one mile south of Rocky Ridge Boarding School in Navajo Nation down a dirt road, the one that curves around the market’s lone gas pump before continuing across brown and barren land.
On Wednesday, October 7, New York Fed President John Williams spoke at the Hoover Institution about the Fed’s monetary policy framework, published in August.
On Tuesday, September 29, New York Fed President John Williams spoke at the U.S. Treasury Market Conference about the importance of well-functioning financial markets and how the Fed has responded to recent episodes of volatility.
This story explores the experience of a small, minority-owned business in Los Angeles that received a Paycheck Protection Program (PPP) loan through a community-based lender to keep paying its employees during the COVID-19 shutdown. It is the second in a series published by the New York Fed on behalf of Fed Communities, a project that connects the Fed’s data, tools, and expertise with community-serving audiences that can use them.
This story explores the experience of a small, minority-owned business in San Francisco that received a Paycheck Protection Program (PPP) loan through a community-based lender to keep paying its employees during the COVID-19 shutdown. It is the first in a series published by the New York Fed on behalf of Fed Communities, a project that connects the Fed’s data, tools, and expertise with community-serving audiences that can use them.
Whether they’re serving margaritas to go, providing accounting services on an IOU, or trying to maintain stock at a small market deep in the desert, small businesses are finding creative ways to stay open amid the COVID-19 pandemic.
On Thursday, July 16, New York Fed President John Williams spoke at the 16th Meeting of the Office of Financial Research’s Financial Research Advisory Committee about the Federal Reserve’s response to the current financial crisis.
On Monday, July 13, New York Fed President John Williams spoke at a webinar hosted by the Bank of England and the New York Fed about why the transition away from the London Interbank Offered Rate (LIBOR) is so important, and what still needs to be done between now and the end of next year.
On Tuesday, June 30, New York Fed President John Williams spoke to the Institute of International Finance about the current state of the U.S. economy and how the Fed is responding to the worst recession in living memory.
