ECNY: Webcast Virtual Event

Join us in a virtual conversation as the Club is pleased to welcome our Chair at The Economic Club of New York, John C. Williams. As President and CEO of the Federal Reserve Bank of New York, John serves as the Vice Chair and a permanent member of the Federal Open Market Committee. He will address the Club on the U.S. economic outlook.

YAHOO NEWS: Wall Street down sharply on Apple and China fears
Also sounding something of an optimistic note: John Williams, the New York Federal Reserve Bank president.

"I expect real GDP to increase only modestly this year, and in 2023."

Williams told the New York Economic Club that he saw the Fed maintaining it's policy of interest rate hikes to combat inflation, but said he was already seeing signs that the rate hikes were having the desired effect and did not forecast an economic recession.

"It will take some time, but I'm fully confident that we'll return to a sustained period of price stability."

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YAHOO FINANCE: IBM Sees Tech Spending Growth Unless a ‘Catastrophic Recession’ Hits

Unless there’s a “catastrophic recession,” corporate spending on technology should continue to increase, Krishna said Thursday during an event hosted by the Economic Club of New York. “As I talk to CEOs and CIOs across the globe, almost none of them are talking about cutting down technology spending,” Krishna said, adding that one point of caution is whether western Europe goes through a “major energy crisis.”

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ECNY: Signature Luncheon

Diversity, Equity & Inclusion Series

Join us for a Signature Luncheon as we welcome Arvind Krishna, Chairman and Chief Executive Officer of IBM. As a global business leader, leading technologist and ECNY Trustee, Arvind will explore how powerful technologies such as hybrid cloud, artificial intelligence and quantum computing are becoming fundamental sources of competitive advantage and the far-reaching implications this has for businesses in every industry.

ECNY: Anniversary Dinner

Special Anniversary Dinner, Celebrating 115 Years

Program highlight includes a panel discussion with John C. Williams and other former ECNY chairs. Additional Program details include award winners of the 2022 ECNY Innovation Challenge, recognize our Centennial Fund first 100 members, celebrate our 2022 Class of Fellows.

ECNY: Webcast Virtual Event

Diversity, Equity & Inclusion Series

The Club is honored to welcome James Runcie, Co-Founder and CEO, Partnership for Education Advancement as part of our DEI Series. Mr Runcie wil talk about how Ed Advancment partners with HBCUs to increase enrollment, graduation rates, and student outcomes, and advances economic mobility and oprtunities for students.

WALL STREET JOURNAL: Ukraine’s Forces Advance Cautiously on Kherson, Wary of Russia’s Retreat


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THE GUARDIAN: US estimates 200,000 military casualties on all sides in Ukraine war
“You are looking at well over 100,000 Russian soldiers killed and wounded,” Milley said in remarks at the Economic Club of New York. “Same thing probably on the Ukrainian side.”

Asked about prospects for diplomacy in Ukraine, Milley said the early refusal to negotiate in the first world war compounded human suffering and led to millions more casualties. “So when there is an opportunity to negotiate, when peace can be achieved: seize the moment,” Milley said.
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HUFFINGTON POST: 100,000 Russian Troops Have Been Killed Or Injured In Ukraine, U.S. Says
WASHINGTON (AP) — Russia’s announced retreat from Kherson, a regional capital in southern Ukraine that it seized early in the war, and a potential stalemate in fighting over the winter could provide both countries an opportunity to negotiate peace, Army Gen. Mark Milley, chairman of the Joint Chiefs of Staff, said Wednesday.

He said as many as 40,000 Ukrainian civilians and “well over” 100,000 Russian soldiers have been killed or wounded in the war, now in its ninth month. “Same thing probably on the Ukrainian side,” Milley added.

“There has been a tremendous amount of suffering, human suffering,” he said at The Economic Club of New York.

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WALL STREET JOURNAL: Ukraine’s Forces Advance Cautiously on Kherson, Wary of Russia’s Retreat




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ECNY: Signature Luncheon

Join us for a Signature Luncheon as we welcome Stephen J. Squeri, Chairman and CEO of American Express. Mr. Squeri will talk about the future of payments and driving a customer-centric culture.

CNBC:  U.S. confirms it held talks with Kremlin over nuclear threat; Ukraine hit by emergency power shutdowns

Speaking at an event at the Economic Club of New York on Monday, Sullivan did not say he had been engaged in direct talks but noted he had said repeatedly that “we have channels to communicate with the Russian Federation at senior levels,” Reuters reported.
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ECNY: Signature Dinner

We are pleased to announce the Club will be hosting General Mark A. Milley, the 20th Chairman of the Joint Chiefs of Staff.
As principal military adviser to the President, Secretary of Defense and the National Security Council, General Milley will discuss geopolitical tensions and what is on the horizon.

NEWSBREAK: Russia-Ukraine war: no need to evacuate Kyiv, says Ukraine's PM, as country rules out peace talks with Moscow

White House national security adviser Jake Sullivan has been engaged in confidential talks with senior Russian officials and confirmed that “channels to communicate with the Russian Federation at senior levels” remain open between Washington and Moscow.

Speaking at an event at the Economic Club of New York on Monday, Sullivan said it was “in the interests” of the US and every country affected by the war in Ukraine to maintain contact with the Kremlin.

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THE WASHINGTON POST: White House says ‘lines of communication’ with Russia are still open

“We have done so when it’s been necessary to clarify potential misunderstandings and try to reduce risk and reduce the possibility of catastrophe like the potential use of nuclear weapons,” he told the Economic Club of New York, according to Reuters. Sullivan met last week with Ukrainian President Volodymyr Zelensky and other senior officials in Kyiv.

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ECNY: Signature Luncheon

Join us for a signature Luncheon with Jake Sullivan, Assistant to the President for National Security Affairs.

ECNY: Webcast Virtual Event

Author Series

The Club is happy to present English journalist and author Sebastian Mallaby, Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. Sebastian will talk about his new book: The Power Law, Venture Capital and the Making of the New Future.

ECNY: Webcast Virtual Event

We are pleased to kick off our New York City Series featuring Lee Zeldin, United States Congressman and Republican Nominee for New York State Governor. We have also invited Governor Hochel and will share details once confirmed.

ECNY: Signature Luncheon

Join us for a Signature Luncheon as we welcome Charlie Cook, Political Analyst, The Cook Report. Joining Charlie for this conversation is Bob Rubin, Former U.S. Secretary of Treasury as our Moderator. The two will discuss the upcoming midterm elections.

MARKET WATCH: Fed’s Mester says larger risks come from hiking rates too little
The Federal Reserve should be wary of wishful thinking about inflation that would lead the central bank to pause hiking interest rates or reverse course, Cleveland Fed President Loretta Mester said on Tuesday. “Given current economic conditions and the outlook, in my view, at this point the larger risks come from tightening too little and allowing very high inflation to persist and become embedded in the economy,” Mester said in remarks to the Economic Club of New York. Mester said her preferred path for the Fed’s benchmark rate is above the median forecast of the Fed’s “dot-plot,” which points to rates getting to a range of 4.5%-4.75% by next year.


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