FINANCIAL TIMES: Top Fed official signals economy is strong enough for taper to begin

A senior official at the Federal Reserve signalled the US economy is strong enough for the central bank to begin reducing its massive bond-buying programme, but urged a “patient” approach to raising interest rates.

John Williams, president of the New York Fed, acknowledged the improving economic outlook and set the stage for the Fed to scale back its $120bn-a-month asset purchase programme this year.

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Yahoo Finance:  NY Fed's Williams says it could be reasonable for taper to finish by mid-2022 - Yahoo Finance
"Assuming the economic conditions support the beginning of a taper soon, then there is a way to do this that I think would not disrupt markets at all and be relatively smooth and be done by the middle of next year," Williams told reporters after speaking during a virtual event organized by the Economic Club of New York. "But that's not been decided by the committee."

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ECNY: Hosting Video Webinar

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

ECNY: Hosting Video Webinar

The Economic Club of New York is honored to welcome CNBC Correspondent, Frank Holland as he joins with Hans Vestberg, Chair and CEO of Verizon. They will discuss the transformational impact of Verizon's 5G network technology, the essential role that broadband, mobility, and cloud played in keeping our society connected over the past year and a half, and what is next for the telecom giant.

ECNY: Hosting Video Webinar

The future has never been more uncertain for both employers and employees. Join us in conversation on Monday, August 2nd as the Club is pleased to welcome Steve Cadigan. He will discuss his new book, Workquake and share advice on how to have more real and honest conversations about how to build a better model of the future of work, one in which both employers and employees feel safe and energized.

ECNY: Hosting Video Webinar

ECNY is pleased to welcome back Dr. Scott Gottlieb, in conversation with Club Board Member and Co-Host of CNBC's Squawk Box, Becky Quick, Dr. Gottlieb will provide an update on Covid-19, the fast-spreading Delta variant and the possible implications heading into the Fall.

ECNY: Hosting Video Webinar

ECNY is pleased to welcome Chairman, President and CEO of Empire Trust Realty Trust Inc., Tony Malkin and CBS This Morning Co-Host, Gayle King.

What does the future of NYC look like?

Tony and Gayle will discuss thoughts and observations from the COVID crisis, back to work in NYC and the disruptive and discriminatory impacts of work from home, issues which confront NYC government today, the competitive position of commercial real estate in NYC versus NYC's competitor cities, and the impacts of Local Law 97.

ECNY: Hosting Video Webinar

Join us in conversation on timely First Amendment rights challenges and other topics featuring Floyd Abrams, Senior Counsel, Cahill Gordon & Reindel LLP's Litigation Practice Group. Floyd will share his extensive experience in high-visibility matters, often involving First Amendment, securities litigation, intellectual property, public policy and regulatory issues.

ECNY: Hosting Video Webinar

We are pleased to welcome Club Member Nancy Lazar, Partner and Co-Founder of Cornerstone Macro. She will provide insights into the global economy and her outlook on growth, inflation, productivity, and other key macro variables.

ECNY: Hosting Video Webinar

Racial Equity Series

Understanding our society through history is Mr. Gates' life-long clarion call and as part of our Racial Equity Series, he will discuss racial equity in our higher education system.
He is the recipient of the Muhammad Ali Voice of Humanity Honor for his life-long work. He is the recipient of an Emmy Award and a Peabody Award for his PBS documentaries on African and African American history, and his hit series Finding Your Roots. He is also the Alphonse Fletcher University Professor Director for the Hutchins Center for African & African American Research at Harvard University.

ECNY: Hosting Video Webinar

In conversation with host of MSNBC's "Velshi" show, Ali Velshi, Mr. Kirby will discuss how the airline's strategy guided it through the unprecedented drop in demand, and will share his outlook for the rebound in airline travel, including an optimistic view on a strong return of business travel post-pandemic.

BLOOMBERG: Betsy Cohen Says Investors Must Look Beyond U.S. for SPAC Deals

While she doesn’t think SPAC opportunities in the U.S. have dried up, investors should be looking abroad, Cohen said Tuesday during a webinar hosted by the Economic Club of New York.

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ECNY: Hosting Video Webinar

We are pleased to welcome Club Member and Chairman of FinTech Masala, Betsy Z. Cohen. As a successful pioneer in SPACs, she will share her expertise and discuss how SPACs are reshaping the capital markets.

ECNY: Hosting Video Webinar

We are pleased to welcome Charles A. Tribbett, III, Vice Chairman, CEO & Board Advisory Practice of Russell Reynolds Associates to our Racial Equity Series. As a senior advisor and consultant to corporate boards, Charles will share how people, purchasing and philanthropy are how every institution can hold themselves accountable for their commitment to inclusion at every level.

ECNY: Hosting Video Webinar

We are pleased to welcome Wes Moore, who recently served as Chief Executive Officer of the Robin Hood Foundation to our Racial Equity Series. As a bestselling author, combat veteran, social entrepreneur, and a leading voice on issues of economic opportunity and racial equity, Wes will share how Robin Hood addresses the structural biases and inequities in philanthropy.

ECNY: Hosting Video Webinar

We are pleased to welcome Henry Kaufman, leading economist and Wall Street legend, as he discusses current economic conditions as well as his new book, The Day the Markets Roared: How a 1982 Forecast Sparked a Global Bull Market.

WASHINGTON POST: New Yorkers Confused at Polls; Absentee Votes: Election Update

“Our internal polls show it’s essentially a tossup,” he said Monday night during a virtual interview with the Economic Club of New York moderated by Bloomberg News. “There are a bunch of other numbers that seem very positive for us, including the fact that over 30% of the people who voted so far are first-time voters, which bodes very well for us.”


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ECNY: Hosting Video Webinar

We are pleased to welcome Andrew Yang to address our Members. Bloomberg's NY Bureau Chief Shelly Banjo will moderate the discussion.
We have invited each of the top candidates for the next Mayor of New York City. Ray McGuire and Eric Adams have each addressed the Club last month, and we will be sure to keep you updated as the other candidates confirm.

ECNY: Hosting Video Webinar

AEO is working to change the way capital and services flow to underserved entrepreneurs in order to create jobs and opportunities for all. Connie will discuss financial acumen and entrepreneurship.

ECNY: SCHEDULE CHANGE

Event with NYC Mayoral Candidate, Andrew Yang, has been rescheduled for Monday, June 14th at 7:30PM