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.
In the first regional roadshow of 2018, President Dudley and a team from the New York Fed traveled to San Juan, Puerto Rico and St. Thomas in the U.S. Virgin Islands (USVI) to meet with local nonprofit, government, and business leaders, with the aim of understanding economic conditions and recovery efforts in the aftermath of Hurricanes Irma and Maria. The devastation of these storms resulted in a significant setback to areas already facing very difficult circumstances.
A recap of insights, analysis, and discussions we don’t want you to miss. Each month we compile key highlights from selected publications, events, and perspectives to provide you with a deeper look into the work we do at the New York Fed.
A recap of insights, analysis and discussions we don’t want you to miss. Each month we compile key highlights from selected publications, events, and perspectives to provide you with a deeper look into the work we do at the New York Fed.
On our fourth and final regional visit of 2017, we learned about key issues facing Northern New Jersey and efforts underway to promote inclusive economic growth. The local business and community leaders we spoke with in New Brunswick, Kearny, and Newark raised issues of affordability and mobility, discussed efforts to link local residents to local jobs, and highlighted efforts to repurpose and adapt land and buildings for the 21st century economy.
Following the Investing in America’s Workforce (IAW) capstone conference in Austin, Texas, we wanted to provide an update on our efforts. As mentioned in our post in September, IAW is a Federal Reserve System-led initiative that seeks to underscore the importance of workforce development as an investment in our national economy.
Earlier this week, New York Fed President Bill Dudley participated in a panel discussion on culture and conduct in the financial services industry. This conversation should serve to remind us that while the industry has made progress on the issue, significant work still remains to promote accountability, ethical conduct, and open dialogue and diversity of thought. As we continue to consider these questions, I thought I’d share my perspective on how lawyers can play a critical role in shaping an institution’s culture.
A recap of insights, analysis and discussions we don’t want you to miss. Each month we compile key highlights from selected publications, events, and perspectives to provide you with a deeper look into the work we do at the New York Fed.
At our December summit on community development finance, Transforming Communities: Driving and Assessing Investment, it became clear that organizations financing community development are at a crossroads.
A recap of insights, analysis and discussions we don’t want you to miss. Each month we compile key highlights from selected publications, events and perspectives to provide you with a deeper look into the work we do at the New York Fed.
This Tuesday, December 12, the Local Initiatives Support Corporation (LISC) and the New York Fed will convene a summit on community development finance. Transforming Communities: Driving and Assessing Investment will advance critical dialogues around defining how community development finance tools can support under-resourced areas, determining the metrics to assess impact, and identifying opportunities for partnerships. Ahead of the conference, we asked senior leaders Denise Scott from LISC and Eric Belsky from the Federal Reserve Board about their views on these issues — from the perspectives of both the policymaker and the practitioner.
