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.
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.
When communities are affected by natural disasters, banks can play a critical role in the recovery thanks in part to the Community Reinvestment Act (CRA), a regulatory framework that requires financial institutions to lend, invest, and offer services to low-and moderate-income communities in which they operate. Banks can help stabilize and revitalize neighborhoods, promote economic and small-business development, repair deteriorating infrastructure, and create long-term employment opportunities for all.
On Monday, July 15, New York Fed President John Williams spoke at the Securities Industry and Financial Markets Association (SIFMA) about the transition away from LIBOR.
On Thursday, July 11, New York Fed President John Williams spoke at the University of Albany about the national economic outlook, as well as the regional economy.
Ahead of New York Fed President Williams’ regional visit to Albany and the Hudson Valley tomorrow, we’re looking back at his last one in May. For that visit — his second of 2019 — he met with community, business, and government leaders throughout Manhattan to hear their views on local economic conditions. Issues around education, affordable housing, gentrification, small businesses, and transportation featured prominently in the day’s discussions.
On Tuesday, June 25, New York Fed President John Williams spoke at the OPEN Finance Forum about diversity and inclusion.
On Thursday, June 6, New York Fed President John Williams spoke to the Council on Foreign Relations. He discussed how changes to demographics and productivity growth are causing a step-down in the longer-term neutral rate of interest, or r-star.
