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.
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.
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.
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.
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.
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.
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.
Key Takeaways from President Williams’s Speech on the Economic Outlook, Monetary Policy, and Puerto Rico
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.
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.
Closing Remarks at “Money and Mission: Creating 21st Century Capital Markets for Better Social Outcomes”
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.