President, CEO of Federal Reserve Bank of New York to speak about economy
A highly ranked economist will visit Syracuse University this Friday to speak about the economy and monetary policy.
The event, “Where is the U.S. Economy Headed and What’s the Interaction with Monetary Policy?” will feature William Dudley, president and CEO of the Federal Reserve Bank of New York. The lecture will be held in the Martin J. Whitman School of Management’s Lender Auditorium and be followed by a Q-and-A session.
Before assuming his role as president and CEO of the Federal Reserve Bank of New York, Dudley was the managing director at Goldman Sachs Group Inc. and its chief U.S. economist for a decade, according to the Federal Reserve Bank of New York’s website.
The Federal Reserve Bank of New York contacted Whitman, asking if the school would be interested in hosting Dudley as part of the CEO’s two-day tour of Upstate New York, said Tom Barkley, an assistant professor of finance at SU.
During the trip, Dudley will also meet with leaders in the public and nonprofit sector, according to a Sept. 12 news release from the bank. While Dudley is visiting Syracuse, he will also meet with Mayor Stephanie Miner, Barkley said.
Barkley encouraged students to attend the lecture, and stressed the importance of caring about the economy.
“You’re in school to get a job, and so if the economy is really bad, the unemployment rate is really high and you’re not going to get a job,” he said.
He said students should also attend the speech because Dudley is one of the most influential people in the country in terms of monetary policy.
“He’s part of the Federal Open Markets Committee,” Barkley said. “As a member of the FOMC, they’re the ones who determine monetary policy. There’s 12 people on the committee, so you could say he’s one of the 12 most important economists in the country.”
Jennie May, a broadcast and digital journalism major who is enrolled in Whitman, said she would like to attend the lecture, but cannot due to her class schedule.
“I’m trying to take advantage of all the opportunities that SU offers,” she said. “When people come in, I try to take advantage of (the visits).”
Barkley said that while Dudley is not as widely known as Federal Reserve Chairman Ben Bernanke, he still encourages students to attend.
Said Barkley: “This is a very senior person and I think that we should recognize that we’re very privileged to have him come and be here.”
Published on September 26, 2013 at 1:57 am
Contact Ellen: ekmeyers@syr.edu | @ellenkmeyers
