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.
Communities nationwide celebrate Hispanic Heritage Month every fall, highlighting the history, achievements, and contributions of Hispanic and Latinx individuals while recognizing the challenges they face. As President John Williams previously emphasized, diversity and inclusion is a priority at the New York Fed. This year, the New York Fed celebrated Hispanic Heritage Month through events, work products, and social media campaigns.
Opportunity Zones are a new part of the federal tax code that seeks to incentivize long-term investment in low-income urban and rural areas across the country. The policy, which was introduced as part of the 2017 Tax Cuts and Jobs Act, aims to support the growth of inclusive, local economies that benefit the people who live and work in them, while also providing tax benefits to investors.
Today, September 30, is International Podcast Day, and in that spirit here’s a recap of the New York Fed’s podcast series, Bank Notes, which launched earlier this year. This new production from the Communications and Outreach Group explores current topics in economics and finance and highlights Federal Reserve research.
As part of its continued efforts to understand displacement pressure and regional change in the Second District, the New York Fed held a listening session on equitable growth in Lake Placid, New York, on July 23.
This summer, students from across the country and around the world joined the New York Fed as a part of our Undergraduate Summer Analyst and Graduate Summer Associate Programs. These programs provide outstanding students with the opportunity to gain valuable work experience in public service by spending a summer working for the New York Fed.
On Wednesday, September 4, New York Fed President John Williams spoke at Euromoney’s Real Return Inflation-Linked Products Conference in New York City.
Every year in June, Pride Month celebrations around the world represent an opportunity to acknowledge the progress the LGBTQ community has made in achieving equality, and to recognize the work that remains. This year, the New York Fed marked Pride Month and the 50th anniversary of the Stonewall Riots in a number of ways.
En las comunidades afectadas por desastres naturales, los bancos pueden desempeñar un papel crucial en su recuperación, gracias, en parte, a la Ley de Reinversión Comunitaria (CRA, en inglés), un marco regulatorio que exige que las instituciones financieras presten, inviertan y ofrezcan servicios a las comunidades de ingresos medios y bajos en las que operan. Los bancos pueden ayudar a estabilizar y revitalizar los vecindarios, promover el desarrollo de las pequeñas empresas y de la economía, reparar infraestructura deteriorada y crear oportunidades de empleo de largo plazo para todos.
On Thursday, July 18, New York Fed President John Williams spoke at the annual meeting of the Central Bank Research Association (CEBRA) about monetary policy strategy near the zero lower bound (ZLB).
When New York Fed staff members meet with community-based organizations, advocates, and policymakers as part of our regular outreach efforts in the Second District, one recurring theme is the displacement pressures on low-income communities and long-term residents that typically result from neighborhood economic revitalization and/or change. In an effort to further understand this phenomenon, the New York Fed is convening listening sessions across the Second District and engaging experts in the field to understand neighborhood change, gentrification, and strategies for equitable growth.
