ECNY: Signature Luncheon

General Petraeus is a Partner at KKR and Chair of the KKR Global Institute, and a Kissinger Fellow at Yale's Jackson School. His distinguished career, has significantly influenced the course of modern history – and included Command of the Surge in Iraq, US Central Command, and NATO/US Forces in Afghanistan, service as Director of the CIA, and numerous academic appointments.

In his latest work, Conflict: The Evolution Of Warfare From 1945 To Ukraine, General Petraeus and Andrew Roberts offer a comprehensive and incisive analysis of the shifting landscape of modern conflict.

Drawing on General Petraeus' experience in the military and intelligence arena, and his current role in the world of investing, he will provide his perspective on how geopolitical dynamics have evolved over the past seven decades, culminating in the ongoing crisis in Ukraine. He will also address the ongoing war between Israel and Hamas.

ECNY: Signature Luncheon

Join us as Superintendent of the New York State Department of Financial Services Adrienne Harris shares insights on navigating financial regulations in a dynamic economy, the cross-section of innovation and finance and resilience through a financial crisis.

Just last month at an event at the Economic Club of New York, Powell certainly didn’t sound convinced about the argument that inflation was under control: “A few months of good data are only the beginning of what it will take,” he said.

READ MORE: Stocks are soaring as Wall Street celebrates a cooler-than-expected inflation report that could signal the end of the Fed's rate hikes: ‘The immaculate disinflation continues’

The market's response to Powell's remarks was notably optimistic on Thursday, as investors interpreted his comments from The Economic Club of New York in October, which were echoed at the IMF, to mean that the current policy stance isn't overly restrictive and that the economy is performing well.

READ MORE: Fed Chair Powell signals prolonged monetary policy to tackle inflation

“I don’t experience my colleagues, for example, within the university as antisemitic, but I recognize that many of the activities that are happening right now would lead to that impression,” James said at an event organized by the Economic Club of New York.

READ MORE: Wharton Dean Sees Need to Fix UPenn Donor Backlash in Antisemitism Turmoil - BNN Bloomberg

“I don’t experience my colleagues, for example, within the university as antisemitic, but I recognize that many of the activities that are happening right now would lead to that impression,” James said at an event organized by the Economic Club of New York.

READ MORE: UPenn Wharton Dean Erika James Sees Need to Fix Donor Backlash Over Antisemitism

ECNY: Signature Luncheon

Join us for a Signature Luncheon as we welcome Erika H. James, Dean of The Wharton School of the University of Pennsylvania. In conversation with Club Chair John C. Williams, Erika will share her insight on trends in global business, leadership in times of uncertainty and business education skills for the future workforce.

ECNY: Video Webinar

The Economic Club of New York is honored to welcome Glenn Hubbard, Sander Gerber and Anurag Pandit for a virtual panel.

The panel will discuss the legacy of the late Dr. Harry Markowitz, Nobel Prize winning economist, particularly how his Modern Portfolio Theory impacted investment strategies worldwide and how his innovative insights continue to shape the way investors approach financial decision-making.

Powell said in remarks in front of the Economic Club of New York on Oct. 20 that he believed some of the impact of the Fed’s 11 previous interest-rate hikes likely has yet to be felt.

“Given the fast pace of the tightening," he said, "there may still be meaningful tightening in the pipeline."

READ MORE: Jerome Powell Keeps Door Open for More Increases if Needed

ECNY: Video Webinar

Author Series

Join us as we welcome Author and Special Advisor to CDP Paula DiPerna for a discussion on her new book Pricing the Priceless: The Financial Transformation to Value the Planet, Solve the Climate Crisis, and Protect Our Most Precious Assets.

Jerome Powell's press conference may echo themes from an Oct. 19 speech to the Economic Club of New York, where he said additional hikes would depend on the data, outlook and balance of risks.


READ MORE: Fed’s ‘Hawkish Pause’ to Keep Future Interest-Rate Hike on Table

In remarks before the Economic Club of New York earlier this month, Fed Chair Jerome H. Powell said demand is being driven, in large part, by a strong labor market, as wages outpace inflation and people have more money to spend.

READ MORE: Federal Reserve meeting: strong economy, probably no rate hike

Powell, the chairman of the Federal Reserve, noted in a talk at the Economic Club in New York, while the Fed sets short-term rates, the bond market determines a vast array of longer-term rates, which have appreciably tightened financial conditions in the United States.

READ MORE: The Bond Market, a Sleeping Giant, Awakes
 

He suggested at an event at the Economic Club of New York that the U.S. central bank is inclined to hold interest rates steady at its next meeting, while leaving open the possibility of another hike later if policymakers see further signs of resilient economic growth.

READ MORE: ‘World’s safest asset’ proves anything but amid wild Treasuries

Amid last week’s ructions, nothing caused more chaos than Fed Chair Jerome Powell’s comments Thursday on the trajectory of monetary policy. He suggested at an event at the Economic Club of New York that the US central bank is inclined to hold interest rates steady at its next meeting, while leaving open the possibility of another hike later if policymakers see further signs of resilient economic growth.

READ MORE: Wild Treasury Swings Just Starting as Bond Traders ‘Buckle Up’

Fed Chair Jerome Powell appeared this week at the Economic Club of New York against the backdrop of big moves in the bond market, especially for long-dated Treasuries. In a fireside chat with Wall Street Week afterward, he acknowledged that “it's hard to say exactly what's going on with longer-term yields.”

But whatever the cause, he sees those higher yields as potentially doing part of the Fed’s monetary tightening for it, reducing the impetus for hikes “on the margin.”

READ MORE: Wall Street Week: Jerome Powell Finds a ‘Very Resilient Economy’

Federal Reserve Chair Jerome Powell tells Wall Street Week that in hindsight, less aggressive monetary stimulus during the pandemic could have helped keep inflation under control. He also talks about the importance of bringing the labor market back into balance. He speaks with David Westin at an event hosted by the Economic Club of New York.

READ MORE: Powell: Possible to Have Done Less Stimulating During the Pandemic

“Financial conditions have tightened significantly in recent months, and longer-term bond yields have been an important driving factor in this tightening,” Fed Chair Jerome Powell said during a discussion at the Economic Club of New York on Thursday, adding that the Fed will “remain attentive to these developments.”

READ MORE: A key market indicator hasn’t been this high since the Great Recession

NEW YORK, Oct 20 (Reuters) - Some investors believe a bond market selloff that has pushed the benchmark U.S. Treasury yield to 5% may have more room to run, as the Federal Reserve gives little indication of veering from its "higher for longer" mantra.

Fed Chair Jerome Powell walked a narrow line in his speech before the New York Economic Club on Thursday, saying the stronger-than-expected economy might warrant tighter financial conditions while also noting emerging risks and a need to move with care.

READ MORE: Relentless climb in Treasury yields may have further to run after surging to 5%

Speaking at the Economic Club of New York, Federal Reserve chair Jerome Powell suggested the Fed could hold interest rates steady again at its next meeting. But, he warned a future hike isn't out of the question. Powell sat down for an exclusive conversation with Bloomberg Wall Street Week host David Westin, following his remarks.

READ MORE: Federal Reserve Chair Jerome Powell Talks Fed Rates Outlook