On Thursday, January 9, New York Fed President John Williams spoke at the Bank of England about the future of monetary policy frameworks, and what that means for inflation targeting.
January 9, 2020
Key Takeaways from President Williams’s Speech on the Future of Inflation Targeting
Posted in Economic Outlook | Permalink
December 12, 2019
Second District Triumphs in Annual College Fed Challenge
Pace University recently won the 16th annual national College Fed Challenge, a competition hosted by the Federal Reserve’s Board of Governors. The winning team, which represented our district — the Fed’s Second District — included members Scarlett Bekus, Joseph Drennan, Sean Freda, Marissa Kleinbauer, and Dylan Seals, and was led by faculty advisors Greg Colman and Mark Weinstock. The Lower Manhattan-based school prevailed against teams from Harvard University, Loyola University Maryland, the University of Chicago, and the University of Pennsylvania.
Posted in Economic Education | Permalink
November 21, 2019
Strategies for Equitable Growth in Western New York
The New York Fed held a third listening session on strategies for equitable growth and development on September 26 in Buffalo, New York. This series is part of our continued efforts to understand neighborhood change and trends related to displacement in the Second District.
Posted in Community Development | Permalink
November 14, 2019
Key Takeaways from President Williams’s Speech on the Interconnectedness of the Global Economy
On Thursday, November 14, New York Fed President John Williams spoke about the interconnectedness of the global economy, and what that means for the outlook in the United States.
Posted in Economic Outlook | Permalink
October 28, 2019
Newburgh, Kingston, Albany, and On We Go: Visiting New York’s Hudson Valley
In early July, New York Fed President John Williams visited the Hudson Valley and Albany, where he met with stakeholders to learn about local economic conditions. Key issues in the region include workforce development, changing demographics, concerns about equitable growth, and a lack of affordable housing and public transportation. Communities visited during the two-day trip included Yonkers, Newburgh, Poughkeepsie, Kingston, Claverack, and Albany. The trip was President Williams’s third regional visit of the year.
Posted in Regional Visits | Permalink
October 18, 2019
Breaking Down the Fed’s Latest Steps to Support Monetary Policy Implementation
Last week, the Federal Open Market Committee (FOMC) announced steps to support the implementation of monetary policy. The FOMC directed the New York Fed’s Open Market Trading Desk (the Desk) to purchase Treasury bills at least into the second quarter of next year to maintain reserve balances at or above the level that prevailed in early September. It also directed us to conduct repo operations at least through January.
Posted in Monetary Policy Implementation | Permalink
October 17, 2019
Key Takeaways from President Williams’s Speech on Money Markets and the Federal Funds Rate
On Thursday, October 17, New York Fed President John Williams spoke about the Fed’s operating framework for carrying out monetary policy, the recent money market turmoil, and the path forward.
October 16, 2019
Celebrating Hispanic Heritage at the New York Fed
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.
Posted in Diversity & Inclusion | Permalink
October 10, 2019
Investing in Opportunity Zones: Ensuring the Public Benefit
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.
Posted in Community Development | Permalink
September 30, 2019
A Look at the New York Fed’s Podcast Series on International Podcast Day
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.
