The Teller Window - Page 2 of 4 - A view into the work of the New York Fed

October 26, 2022

Puerto Rico Regional Visit, Part 1: On the Ground in Metro San Juan

Tony Davis and Javier Silva, Communications and Outreach

In July, New York Fed President John Williams traveled to Puerto Rico to meet with local nonprofit and community leaders, government officials, and business and higher education representatives, with the aim of understanding economic conditions as the island emerges from the pandemic and continues on the road to recovery from major hurricanes. In this two-part series, we will share what we learned on our visit. Today’s post centers on takeaways from engagements in the San Juan metropolitan area, and tomorrow’s post will focus on the island’s west coast.

Posted in Regional Visits | Permalink

October 21, 2022

Key Takeaways from President Williams’s Speech on the Bridging the Skills Gap

Judy DeHaven, CEO Communications

On Friday, October 21, New York Fed President John Williams spoke about bridging the gap between the needs of employers and the job training available to potential workers, particularly in New York’s Columbia and Greene Counties.

Posted in Economic Outlook | Permalink

October 3, 2022

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

Judy DeHaven, CEO Communications

On Monday, October 3, New York Fed President John Williams spoke about inflation, monetary policy, and the economic outlook at the U.S. Hispanic Chamber of Commerce National Conference in Phoenix, Arizona.

Posted in Economic Outlook | Permalink

September 26, 2022

Back to School: With Classroom Visits, Econ Ed Team Meets Students Where They Are

Chaeri Han, Communications and Outreach

As a member of the Economic Education team at the New York Fed, I work with my colleagues to enhance economic literacy and teach students about the Federal Reserve System. Our “classroom visits” program, which features guest instruction from members of the Econ Ed team for high schools and colleges, is a key part of that mission.

Posted in Economic Education | Permalink

September 8, 2022

The “How and When” of the Fed’s Balance Sheet Runoff

In May 2022, the Federal Reserve (Fed) announced that the process to reduce the size of its balance sheet would begin on June 1. With that process now underway, this post reviews the initial months of runoff. We also highlight publicly available resources that provide data to monitor the ongoing runoff of the Federal Reserve System Open Market Account (SOMA), which holds the securities acquired through open market operations.

Posted in Monetary Policy Implementation | Permalink

August 25, 2022

Q&A with Nathaniel Counts, Featured Speaker at Health Equity Financing Event on Sept 13

Marisa Casellas-Barnes, Communications and Outreach

Nathaniel Counts, senior vice president for behavioral health innovation at Mental Health America and a clinical assistant professor of psychiatry and behavioral sciences at Albert Einstein College of Medicine, will be a featured speaker at a September 13 event on using capital markets to fund investments in health equity. Ahead of the event, “Creating 21st Century Capital Markets for Better Social Outcomes: Transformative Change Through Debt Financing,” we spoke with him about the idea of funding investments in healthy communities using the savings created by better health outcomes.

Posted in Community Development | Permalink

August 15, 2022

Examining the Intersection of Technology and Culture in Financial Services

Shelley Pitterson, Communications and Outreach

As part of its initiative to foster discussion about culture and conduct in the financial services industry, the New York Fed last month hosted a virtual event titled “Shifting Norms? The Intersection of Technology and Culture in Financial Services.” This webinar — the latest in a series — focused on how technology and digitization have disrupted or otherwise influenced culture in financial services.

Posted in Banking Culture | Permalink

July 8, 2022

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

Julie Lasson, CEO Communications

On Friday, July 8, New York Fed President John Williams spoke about inflation, the economic outlook, monetary policy, and Puerto Rico’s economy at the University of Puerto Rico — Mayagüez campus.

Posted in Economic Outlook, Regional Visits | Permalink

June 21, 2022

Contributing to a Fair and Transparent FX Market

Lorie K. Logan and Anna Nordstrom, Markets Group

For most, six trillion of anything is an unimaginable sum. In the world of foreign exchange (FX), $6 trillion of trading volumes is just a typical day in the market.

Posted in Financial Markets | Permalink

May 26, 2022

Closing Remarks at “Money and Mission: Creating 21st Century Capital Markets for Better Social Outcomes”

Ellen Simon, Communications and Outreach

On Tuesday, May 17, the New York Fed hosted “Money and Mission: Creating 21st Century Capital Markets for Better Social Outcomes.” The event’s featured speakers were Rev. Cory Anderson, chief innovation officer, Winthrop Rockefeller Foundation; Geoffrey Canada, founder and president, Harlem Children’s Zone and William Julius Wilson Institute; Audrey Choi, senior advisor, Morgan Stanley; Andrea Levere, president emerita, Prosperity Now; and Clara Miller, president emerita, the F.B. Heron Foundation.

Otho Kerr, the New York Fed’s director of strategic partnerships and community impact investing, delivered closing remarks. His comments, lightly edited for length, follow.

Posted in Community Development | Permalink