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The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
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The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
The New York Fed hosted an economic press briefing on Thursday, February 22, on Puerto Rico and the U.S. Virgin Islands.
Find key resources and the taped webcast below.
The Federal Reserve Bank of New York held a press briefing on Puerto Rico and the U.S. Virgin Islands on February 22. At the briefing, economists analyzed the unfolding economic situation in Puerto Rico and the U.S. Virgin Islands (USVI) following Hurricanes Irma and Maria. They examined the state of the Puerto Rico economy before the hurricanes, assessed their initial effects on employment and economic activity, and contextualized their impacts on Puerto Rico and the USVI in relation to other hurricanes that have affected areas of the United States.
The event was webcast to registered participants, and a video of that webcast is available below.
10:00am- 10:15am |
Welcome Remarks Andrea Priest, Vice President and Head of Media Relations Opening Remarks William Dudley, President and Chief Executive Officer |
10:15am- 11:15am |
Presentation: Puerto Rico and the U.S. Virgin Islands Q&A William Dudley and New York Fed Economists |
11:15am | Program concludes |
Press Briefing Resources
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Additional Resources
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Liberty Street Economics Beginning to Gauge Maria’s Effect on Puerto Rico’s Economy, January 2018 Blog Series: Restoring Economic Growth in Puerto Rico, August 2016 Restoring Economic Growth in Puerto Rico: Introduction to the Series Migration in Puerto Rico: Is There a Brain Drain? Puerto Rico’s Shrinking Labor Force Participation |
Small Business Credit Survey |