The Teller Window - Page 2 of 6 - A view into the work of the New York Fed

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

December 21, 2022

Community Development at the Fed: Doing the Research, Bringing Disparate Voices to the Table

David Erickson and Emily Garr Pacetti

Low- and moderate-income people face intertwined economic challenges. A family unable to replace drafty windows may pay a higher heating bill each month, making paying other bills more difficult. Small business owners who lack access to loans may be unable to hire new workers, making local jobs harder to find.

Posted in Community Development | Permalink

December 16, 2022

Tech, Tourism, and Training: Hearing Firsthand About Buffalo’s Evolving Economy

Tony Davis, Javier Silva, and Mariah Measey

In October, New York Fed President John Williams traveled to Buffalo to hear from local stakeholders about economic conditions in western New York as the region emerges from the pandemic. During the two-day visit, he met with government officials, business leaders, higher education representatives, and nonprofit and community leaders. Here are key themes that emerged in these meetings and discussions.

Posted in Regional Visits | Permalink

December 8, 2022

Seeking Solutions for the Costs and Challenges of Food Insecurity

Jacob Scott

In 2021, about one of every 10 households was food insecure at some point, worrying that their food would run out before there was money to buy more. The costs of widespread food insecurity are felt everywhere, since hunger reduces productivity and costs the healthcare system billions of dollars each year.

Posted in Community Development | Permalink

December 6, 2022

The New York Fed’s Governance and Culture Reform Initiative: An Overview

James Hennessy, Esra Ozer, Stephanie Chaly, Toni Dechario, and Thomas Noone

Misconduct and poor organizational cultures in the financial industry have far-reaching and material consequences for the American people and economy. To address and help mitigate risk from misconduct and organizational culture, the New York Fed established the Governance and Culture Reform initiative, which examines how formal organizational structures and underlying drivers of individual and group behaviors impact outcomes at financial firms. This work began in the aftermath of the Global Financial Crisis, a period marked by widespread misconduct and a corresponding increase in litigation and enforcement activity in the financial industry, with scandals continuing to this day.

Posted in Banking Culture | Permalink

December 2, 2022

The Evolving Workplace and its Influence on Organizational Culture

Esra Ozer

The New York Fed held the latest installment of its long-standing webinar series that examines culture and conduct in financial services on October 4. “Culture and the New Workplace” explored how work culture has been influenced by changing circumstances in the post-pandemic world, by technology, and by the expectations of employees and employers.

Posted in Banking Culture | Permalink

November 28, 2022

Key Takeaways from President Williams’s Speech on Peeling the Inflation Onion

Julie Lasson

On Monday, November 28, 2022, New York Fed President John Williams spoke about inflation, monetary policy, and the economic outlook at a virtual event hosted by the Economic Club of New York.

Posted in Economic Outlook | Permalink

November 9, 2022

Key Takeaways from President John Williams’s Speech on Anchoring Inflation Expectations

Judy DeHaven

On Wednesday, November 9, 2022, New York Fed President John Williams discussed the importance of well-anchored inflation expectations at a conference on global risk, uncertainty, and volatility organized by the Swiss National Bank, the Federal Reserve Board, and the Bank for International Settlements.

Posted in Economic Outlook | Permalink

October 27, 2022

Puerto Rico Regional Visit, Part 2: Ports of Call on the West Coast

Tony Davis and Javier Silva, Communications and Outreach

In July, New York Fed President John Williams traveled to western Puerto Rico to meet with community development and small business leaders, higher education officials, and aerospace industry representatives. The visit to west coast capped off a two-day trip to the island, part of a broader effort by the New York Fed to gain a deeper understanding of regional economic conditions in the Federal Reserve’s Second District. In the second part of this two-part series, we discuss what we learned on our visit.

Posted in Regional Visits | Permalink