On Tuesday, May 14, New York Fed President John Williams spoke at the 9th High-Level Conference on the International Monetary System, hosted by the International Monetary Fund and the Swiss National Bank.
May 14, 2019
Key Takeaways from President Williams’s Speech on How to Prepare for a World Where Low R‑Star Prevails
Posted in Economic Outlook | Permalink
May 10, 2019
Key Takeaways from President Williams’s Speech on the Economic Outlook and Implications for Monetary Policy
On Friday, May 10, New York Fed President John Williams spoke at the 21st Annual Bronx Bankers Breakfast.
Posted in Economic Outlook | Permalink
May 9, 2019
From Frame to Frame: The Making of a Comic Book Series
The New York Fed recently published The Story of Monetary Policy, the third issue of its new Educational Comic Book Series. In the story, intrepid characters travel to previously unseen worlds, meeting new friends and teaching economic lessons along the way. Today, we offer a behind-the-frames look at the comic book’s production — from idea to sketch to print — and the creation of a world “way, way out at the edge of the universe” to educate students about economics and monetary policy.
Posted in Economic Education | Permalink
May 7, 2019
Takeaways from Lorie Logan’s Remarks on Implementing Monetary Policy in an Ample‑Reserves Regime
During a press conference following last week’s meeting of the Federal Open Market Committee (FOMC), Federal Reserve Chair Jerome Powell pointed out that the Fed has made “consequential decisions” about its balance sheet in recent months, including to maintain its current framework for implementing monetary policy and to slow the pace at which it allows maturing securities to run off. A speech last month by New York Fed senior vice president Lorie Logan provides helpful context around questions about balance sheet normalization and how the Fed could implement monetary policy going forward in light of these decisions by the FOMC.
Posted in Monetary Policy Implementation | Permalink
May 3, 2019
Comic Books as a Teaching Tool: Making the Language of Economics Universal
“Way, way out — at the edge of the universe — there’s a little planet called Novus.” So began the New York Fed’s return to publishing comic books to promote economic literacy, especially among students from middle school through college.
Posted in Economic Education | Permalink
April 15, 2019
Takeaways from Kevin Stiroh’s Remarks on Cybersecurity from a Supervisory Perspective
At a conference at the New York Fed on April 12, EVP Kevin Stiroh discussed the issue of cybersecurity from the perspective of a bank supervisor. He noted that cybersecurity is one of many aspects of operational resiliency for firms:
Posted in Supervision | Permalink
April 11, 2019
Key Takeaways from President Williams’s Speech: Fulfilling Our Economic Potential
On Thursday, April 11, New York Fed President John Williams spoke at the annual conference of the Association for Neighborhood & Housing Development. He discussed the challenges of inequitable growth and his vision for the New York Fed’s community development work.
Posted in Community Development | Permalink
Catching up on Open Market Operations? The 2018 SOMA Annual Report and New Data Interactive Has You Covered
The New York Fed today released the 2018 annual report of the System Open Market Account (SOMA). Issued to the Federal Open Market Committee (FOMC) for much of the Fed’s history, this report provides a review of open market operations conducted by the Open Market Trading Desk (the Desk), other developments that influenced the Fed’s portfolio of domestic securities, and developments in the Fed’s foreign operations. The SOMA represents the largest asset on the Fed’s balance sheet.
Posted in Monetary Policy Implementation | Permalink
April 10, 2019
Investing in America’s Workforce: Update on Regional and National Efforts
Since the release of the three-volume book Investing in America’s Workforce: Improving Outcomes for Workers and Employers last year, the Federal Reserve System and its community and business partners have continued to engage communities and workforce stakeholders on the research and promising practices highlighted in the publication. (For a refresh of the main topics the book covers, see this post from Carl E. Van Horn, Distinguished Professor of Public Policy and Director of John J. Heldrich Center for Workforce Development at Rutgers University.)
Posted in Community Development | Permalink
April 2, 2019
Takeaways from Michael Held’s Remarks on Financial Crime and the Payment System
At a risk-management conference this morning, New York Fed Executive Vice President and General Counsel Michael Held discussed financial crime and the payment system. The official sector and the financial industry have a shared goal in preventing the former and protecting the latter.
Posted in Financial Infrastructure | Permalink
