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Federal Reserve Bank of St. Louis, James Bullard

REUTERS:  Fed officials warn on 'thick fog' ahead for U.S. economy as recovery concerns deepen

James Bullard, the St. Louis Fed president, sounded a somewhat optimistic note, saying his base case is the economy continues to grow in the second half of the year, but still offered caution. “The downside risk is nevertheless substantial, and better execution of a granular, risk-based policy will be critical to keep the economy out of depression,” Bullard said in comments to the Economic Club of New York. He expects Congress by the end of the month to approve a “substantial” new fiscal package to keep households and businesses stable.

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FDA Commissioner Dr. Stephen Hahn

BARRONS: Race for a Covid-19 Vaccine Might Have Political Side Effects


FDA officials say that they will make their decisions about the Covid-19 vaccine based on the science. On an Economic Club of New York webinar this past week, the FDA’s commissioner, Dr. Stephen Hahn, said that the agency will “call balls and strikes on the data.”


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Citigroup Vice Chairman, Raymond McGuire

CNBC:  How IPOs give the ‘illusion of diversity’ with underwriters, while paying minority-owned firms less

Issuers often see this practice of adding MWVBEs to the syndicate as a “feel-good, check-the-box” idea, Citigroup Vice Chairman Raymond McGuire said last month in remarks at the Economic Club of New York. “But is it anything material? No,” McGuire said.


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FEDERAL RESERVE BANK OF ST. LOUIS, JAMES BULLARD

THE WALL STREET JOURNAL:  Fed’s Bullard Says Economy Can Rebound in Second Half of Year

"The macroeconomic news for May and June, reported with a lag, seems to suggest that April will prove to be the lowest point of the crisis," Mr. Bullard said in a presentation for a meeting of the Economic Club of New York. 

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U.S. Secretary of State Mike Pompeo

ECNY: Hosting Video Webinar

The Honorable Michael R. Pompeo, U.S. Secretary of State, will discuss the day's most important topics affecting the global economy and the impact of COVID-19, such as trade, reopening, cyber security and much more.

FDA Commissioner Dr. Stephen Hahn

ECNY: Hosting Video Webinar

Conversation with Dr. Stephen Hahn, Commissioner of the FDA. Discussing the FDA's response to the COVID-19 pandemic, including efforts to support the development of treatments and a vaccine.

JAMES BULLARD, PRESIDENT & CEO, FEDERAL RESERVE BANK OF ST. LOUIS

MARKET WATCH: 
Fed’s Bullard says stock market’s optimism has been proven right, so far

“Equity markets are something we don’t usually talk about at the Fed. I think they have been optimistic and they have been right, I think, up to now anyway,” Bullard told reporters during a speech that was web cast by the Economic Club of New York.

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Federal Reserve Bank of St. Louis President and CEO James Bullard

ECNY: Hosting Video Webinar

President and CEO of the Federal Reserve Bank of St. Louis, James Bullard, addresses ECNY -- on the current monetary policy and his expectations for the U.S. economy in the second half of the year.

ECONOMIC CLUB OF NEW YORK ELEVATES JOHN C. WILLIAMS TO CHAIRMAN AND ANNOUNCES THREE NEW TRUSTEES OF THEIR BOARD OF DIRECTORS

ECONOMIC CLUB OF NEW YORK ELEVATES JOHN C. WILLIAMS TO CHAIRMAN AND ANNOUNCES THREE NEW TRUSTEES OF THEIR BOARD OF DIRECTORS

July 1, 2020, New York City, NY -- On June 24, the Economic Club of New York announced the election of John C. Williams to the chairman of its board of directors. In addition, three new trustees joined the board: Lee S. Ainslie, Ajay Banga, and Stephanie Cohen.

“It is an honor to help lead the Economic Club of New York,” noted Williams. “The ECNY has a long history of surfacing and discussing the issues most critical to our nation’s economy, which has never been more important than during these difficult times. I look forward to building on that legacy and furthering this important dialogue.”

Williams is President & CEO of the Federal Reserve Bank of New York and serves as the vice-chairman and a permanent member of the Federal Open Market Committee. Williams holds a Ph.D. in economics from Stanford University, an M.S. degree from the London School of Economics, and an A.B. from the University of California at Berkeley.

Barbara Van Allen, President of the Economic Club of New York added, “At pivotal points in our 113 year Club history, we have had the honor of having the President and CEO of the New York Federal Reserve Bank serve as its chair and we are delighted to see this continue with John’s very able leadership for the next two years.”

In addition to Williams becoming chairman, three other Economic Club members joined the board. They include:

Lee S. Ainslie, III, who is the founder and managing partner of Maverick Capital. In addition to his service to the Economic Club of New York, he serves on the boards of the Robin Hood Foundation, the Partnership for New York City, the New York-Presbyterian Hospital, and the Episcopal High School in Alexandria, VA. Ainslie is a graduate of the University of Virginia and holds an M.B.A. from the University of North Carolina.

Ajay Banga is chief executive officer of Mastercard and a member of its board of directors. He will become executive chairman of the board of directors on January 1, 2021. In addition to his service on the Board of the Economic Club of New York, Banga is a co-founder of The Cyber Readiness Institute, first vice-chairman of the International Chamber of Commerce, a trustee of the United States Council for International Business, a founding trustee of the U.S.-India Strategic Partnership Forum, a member of the U.S.-India CEO Forum, is Chairman Emeritus of the American India Foundation, a fellow of the Foreign Policy Association, a member of the board of overseers of the Weill Cornell Medical College and serves as a director of Dow Inc.’s compensation and governance committees. He is a graduate of Delhi University and the Indian Institute of Management, Ahmedabad.

Stephanie Cohen is Goldman Sachs’ Chief Strategy Officer and a member of the Management Committee. Ms. Cohen is a member of the Firmwide Asset Liability Committee and Global Inclusion & Diversity Committee, serving as Co-Global Executive Sponsor of the Women's Network. In partnership with divisional leaders, Cohen drives strategy and M&A for the firm and embeds diversity and innovation into the firm’s businesses. In addition to her service on the Board of the Economic Club of New York, she also serves on the National Board of Directors of CollegeSpring and the Board of Quill.org.

For more information on the Economic Club of New York, visit www.econclubny.com and follow the Club on Facebook, Twitter, LinkedIn, and Instagram.

About Economic Club of New York
The Economic Club of New York is a membership organization with members drawn from the top executive levels of business, industry and finance. The purpose of the Club is to promote the study and discussion of social, economic and political questions. Founded in 1907, the Club has served ever since as a major forum for discussion on a wide range of public issues of interest to business people. The Club is nonpolitical, nonpartisan and nonprofit. Its membership (individual, not corporate) of over 1,200 is drawn primarily from the senior leadership ranks of the business and financial communities and the associated professions. Its individual members represent a wide diversity of opinion.


 

VICE CHAIRMAN OF CITIGROUP, RAYMOND MCGUIRE

VANITY FAIR:   “I COULD EASILY BE GEORGE FLOYD”: WALL STREET’S SENIOR BLACK BANKER TALKS ABOUT BIGGIE AND THE HOPE OF BLM

Last week, McGuire and Marie-Josée Kravis, the chair of the Economic Club of New York and the wife of billionaire buyout mogul Henry Kravis, took to Zoom to discuss a variety of issues, but mostly they focused on the growing Black Lives Matter movement, the insidiousness of systemic racism in America’s Black communities, and what can be done to make sure Black Americans have greater economic opportunity and a greater chance of creating real wealth.

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Managing Director of IMF Kristalina Georgieva

ECNY: Hosting Video Webinar

Kristalina Georgieva, Managing Director of the IMF, and ECNY's Vice Chairman, John C. Williams discuss IMF's forward-moving action plan to put the global economy back on track following the economic impact of COVID-19.

VICE CHAIRMAN OF CITIGROUP RAYMOND MCGUIRE

YAHOO FINANCE:  Citi’s Ray McGuire Rebukes Companies ‘Checking the Box’ on Diversity

“Certainly it checks the box but is anything there material? No,” McGuire said during a virtual Economic Club of New York meeting on Tuesday. “It’s a feel-good check-the-box. But it’s certainly not advancing any of this.”

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Charles W. Eliot University Professor Lawrence Summers

ECNY: Hosting Video Webinar

The Economic Club of New York welcomes back Lawrence H. Summers and R. Glenn Hubbard. Two of America's leading economists, who will be speaking on the economic implications of COVID-19 as we move towards a new normal.

Vice Chairman of Citigroup Raymond McGuire

ECNY: Hosting Video Webinar

In addition to speaking with ECNY's Chair, Marie-Josée Kravis about current economic activity, they will discuss the response of the business community to current racial tensions across the country and how to assure systemic change.

bestselling author and Partner at ghSMART Elena Botelho & former Chairman and CEO of Vanguard Bill McNabb

ECNY: Hosting Video Webinar

Elena Lytkina Botelho, Co-Author, The CEO Next Door and Partner, ghSMART along with F. William McNabb III, Former Chairman and Chief Executive Officer of Vanguard in a conversation on effective CEO leadership in the current environment and how boards can support their CEOs.

Managing Director and Chief US Economist at Morgan Stanley, Ellen Zentner

ECNY: Hosting Video Webinar

Ellen will discuss her views on the U.S. economy and findings from SIFMA's Mid-Year 2020 U.S. Economic Survey, with input from Chief U.S. Economists at 26 global and regional financial institutions. This twice annual survey was compiled by the SIFMA Economic Advisory Roundtable.

TUDOR INVESTMENT CORP. FOUNDER, CO-CHAIRMAN AND CIO, PAUL TUDOR JONES, II

Business Insider:  Billionaire Paul Tudor Jones says the pandemic has thrown off economic models so much that people would 'be better off getting financial advice from TikTok'

Billionaire Paul Tudor Jones, the founder of $21 billion Tudor Investment Corp., compared the coronavirus pandemic to decades-old film "The Day The Earth Stood Still" in a call hosted by the Economic Club of New York.

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TUDOR INVESTMENT CORP. FOUNDER, CO-CHAIRMAN AND CIO, PAUL TUDOR JONES, II

Vanity Fair: What's Behind the Bad-News Market Boom

Where do things go from here? Once again predicting that is a fool’s errand. That was, in effect, the message that Paul Tudor Jones, the longtime hedge fund manager, delivered (virtually) Tuesday afternoon at the Economic Club of New York. “Anybody that says they have a good understanding of what’s going to happen, you’re probably better off getting financial advice from TikTok than from them,” he said.


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Tudor Investment Corp. founder, Co-Chairman and CIO, Paul Tudor Jones, II

ECNY: Hosting Video Webinar

As Founder, Co-Chairman and CIO of Tudor Investment Corporation, Paul Tudor Jones is a pioneer in the modern-day hedge fund industry, and will join us to share his thoughts on the need for investment firms to continually innovate in order to compete in rapidly evolving markets.

TUDOR INVESTMENT CORP. FOUNDER, CO-CHAIRMAN AND CIO, PAUL TUDOR JONES, II

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