ECNY: Signature Luncheon

As the leader of one of the largest U.S. retailers, Brian Cornell will discuss how his team continues to navigate macro challenges that are impacting our country's economy and businesses, some key factors that helped Target successfully serve consumers throughout the pandemic, and the company's ongoing commitment to New York communities.

ECNY: Signature Luncheon

Join us for a Signature Luncheon as we welcome Evan G. Greenberg, Chair and CEO of Chubb. With Chubb's extensive global operations including throughout Asia, Evan will provide the case in defense of the economic benefits to America of international trade and investment, including with China.

ECNY: Webcast Virtual Event

We are pleased to welcome Shawn Henry, President, CrowdStrike Services and Chief Security Officer. As a leader in cybersecurity, Shawn will share his insights on actions companies should take in the event of a breach including proactive security measures, governance, and corporate readiness.

ECNY: Signature Luncheon

Join us for a Signature Luncheon as we welcome Paul Cormier, President and Chief Executive Officer of Red Hat. A major IBM subsidiary, Red Hat is the world's leading provider of open source technologies for enterprises.

The Club will be rescheduling a new date with Arvind Krishna, Chair and CEO, IBM As previously scheduled for June 7th.

ECNY: Webcast Virtual Event

We are honored to welcome Nicole A. Elam, Esq., President & CEO, National Bankers Association. With a career beginning in civil rights advocacy, Nicole will guide us in a discussion on inclusive financial services, strengthening minority banks and businesses, and dive into how innovation and technology can help eliminate the racial wealth gap.

FOR IMMEDIATE RELEASE








AMZG Agency
[email protected]
May 31, 2022
 


New York, NY – May 31, 2022 – The Economic Club of New York is pleased to announce its 2022 annual Peter G. Peterson Leadership Excellence Award is being presented to Roger Ferguson and Stanley Fischer in recognition of their distinguished careers–both of whom served as Vice Chairs of the Board of Governors of the Federal Reserve among their many accomplishments in the public and private sectors.

The prestigious recognition is bestowed upon former or current policy makers whose exemplary achievements in public service have protected and enhanced the free-market system, expanded employment, and enabled robust economic growth. Recipients stand in good company among previous winners including George P. Shultz, Paul Volcker, Alice Rivlin, Alan Greenspan, and Henry Kissinger.

Mr. Ferguson is hailed as the unsung hero during the 9/11 crisis for his leadership at the Federal Reserve during an unprecedented time when financial markets were under extreme stress. He served as CEO and President of TIAA between 2008 and 2021. During Mr. Ferguson’s tenure, he guided TIAA, a Fortune 100 organization and the largest provider of retirement services to the educational, cultural, medical and research community, as it increased assets under management and administration from to nearly $1.3 trillion from less than $500 billion while navigating the crises of 2008-2009 and 2020-2021. According to John C. Williams, Chair of The Economic Club of New York and President of the Federal Reserve Bank of New York, “After a remarkable career at the Federal Reserve and in the financial sector, Roger continues to share his wisdom and extraordinary judgment on many corporate, financial, academic and non-profit boards. I could not be more delighted to present such a significant honor to such an exemplary leader.”
In his numerous roles—as Governor of the Bank of Israel navigating successfully through the Global Financial Crisis, as First Deputy Managing Director of the IMF, as Chief Economist at the World Bank, and leadership positions in the private sector—Mr. Fischer has played a central role in the global economy and markets throughout his incredible career. Mr. Williams added, “Stan has had an extraordinary career as a central bank leader, a thought leader, and a teacher, with both Ben Bernanke and Mario Draghi being among his former students. It is noteworthy that both of these exceptional leaders brought to their public service responsibilities the unique skills and experience they acquired through their many successes in the private sector to the benefit of all of us."

Barbara Van Allen, President and CEO of The Economic Club of New York, said, “We are excited to pay homage to Roger and Stan for their varied and distinguished careers and their support of the mission of the Club throughout their illustrious careers."
The Economic Club of New York will invite its members and their invited guests to a formal presentation at an event in Manhattan on June 27th.

The Leadership Excellence Award was inaugurated in 2011 originally through a generous personal gift from the late Peter G. Peterson, former Chair and long-time member of the Economic Club of New York. In 2021, the award was re-named to pay homage to its creator.

The now Peter G. Peterson Leadership Excellence Award has furthered the Club’s reputation as a leader in fostering and promoting sound economic and public policy. Today, the platform is also utilized as an avenue to engage and educate future generations of leaders on the importance of sustainable economic policy in a complex and ever-changing world.




About The Economic Club of New York:

For 115 years, the Economic Club of New York has been one of the premier speaking platforms for economic policy addresses. Major figures of their time have used its podium to announce policy initiatives, from Nikita Khrushchev's speech on trade during his historic 1959 visit to the United States to John F. Kennedy making his case for tax cuts in 1962 to Chinese Premier Zhu Rongji predicting China would join the World Trade Organization in 1999.
The non-partisan organization has nearly 1,200 members from academia, business, finance and government. For more information: www.econclubny.org

ECNY: Webcast Virtual Event

We are pleased to welcome Tony James, Chair of Jefferson River Capital and Costco Wholesale Corporation. Tony will share his insights on the dynamic changes in private equity and investing across sectors.

ECNY: Signature Luncheon & Webcast Event

Join us for a Signature Luncheon as we welcome John W. Rogers Jr., Chair and Co-CEO of Ariel Investments. With his life-long passion for financial markets, Club Trustee John will join us in a conversation on the value and importance of investment management and financial literacy.

ECNY: Webcast Virtual Event

we are honored to welcome Dr. Dana Suskind, Professor of Surgery, Pediatrics and Public Policy (affiliated) at the University of Chicago and Co-Director of the TMW Center for Early Learning and Public Health. With the upcoming publication of her new book, Parent Nation: Unlocking Every Child's Potential, Fulfilling Society's Promise, Dana will join us for a conversation on the long run importance of early childhood development and how businesses can create policies and environments that support and guide employees with growing families.

ECNY: Webcast Virtual Event

We are pleased to welcome Julian Emanuel, Senior Managing Director of the Equity, Derivatives and Quantitative Strategy Team at Evercore ISI as our Moderator for the conversation with Ed Hyman. With over 40 years of experience as a leading economist, Ed will share his outlook on the current state of our financial markets and forecast what may lie ahead for our economy.

ECNY: Webcast Virtual Event

ECNY Crypto Series

As part of our Crypto Series, The Economic Club of New York is pleased to welcome Jaime Leverton, CEO, HUT 8 Mining. Jaime will share her insights into the growing world of responsible digital currency mining and how technology and innovation help pave the way.

ECNY: Webcast Virtual Event

ECNY Chair Emerita and Chair of Hudson Institute, Marie-Josée Kravis joins our conversation with David Petraeus. As the Former Director of the CIA, David will share his perspective on the war in Ukraine and other international security issues.

THE WHITE HOUSE:  Remarks on a Modern American Industrial Strategy By NEC Director Brian Deese


READ MORE 

POLITICO  How Trump and Thiel resurrected J.D. Vance
Today, BRIAN DEESE, the director of the National Economic Council, is in New York today speaking to the Economic Club about the administration’s “modern industrial strategy,” a White House official told Playbook on Tuesday night. We got our hands on an excerpt from Deese’s speech, which offers some indication of how the administration aims to message on the issue: “We’re within reach of passing the Bipartisan Innovation Act, which will help reclaim America’s leadership in semiconductors; advance our leadership in technologies like artificial intelligence, 3D printing, telecommunications and biotechnology; and spur innovation clusters in places previously left behind. Congress urgently needs to send this legislation to the president’s desk.”

READ MORE 

FINANCIAL POST:  Fed's Evans: can see some 'positive' developments in inflation

Noting that goods inflation – like that for cars — is showing signs of slowing, “if it does a turnaround then it’s going to be adding nicely to reductions” in the overall inflation rate, Evans said at the Economic Club of New York. “If inflation for some reason began to reaccelerate that would be a cause of great concern.” (Reporting by Ann Saphir)

READ MORE

BLOOMBERG:  Fed’s Evans Sees Rates Rising Above Neutral Level


READ MORE

MARKET WATCH: Dow jumps nearly 500 points, U.S. stocks end sharply higher as earnings season heats up
As for rising interest rates, Charles Evans, the president of the Federal Reserve Bank of Chicago, said Tuesday during a talk at the Economic Club of New York that the Fed could raise its benchmark rate by increments of 50 basis points at least a few times this years. Evans, who is not a voting member of the bank’s interest-rate setting panel this year, indicated that the fed funds rate could eventually top 3%.

READ MORE

REUTERS: Fed's Evans sees year-end rates at 2.25%-2.5%, and then likely higher

Chicago Federal Reserve Bank President Charles Evans on Tuesday said the Fed could raise its policy target range to 2.25%-2.5% by year end and then take stock of the state of the economy, but if inflation remains high will likely need to hike rates further.

"Probably we are going beyond neutral -- I mean, that's my expectation," Evans said at the Economic Club of New York. Most Fed policymakers estimate neutral to be somewhere between 2.25% and 2.5%.

READ MORE

ECNY: Signature Luncheon & Webcast Event

We are honored to welcome Brian Deese, 13th Director of the White House National Economic Council. Brian will be joining to deliver a speech on how the current global economic moment – from pandemic-induced supply chain bottlenecks to geopolitical tension in Europe – underscores the importance of bolstering the United States' domestic economic resilience and competitiveness abroad.

ECNY: Luncheon & Webcast Event

Join us for a Signature Luncheon as we welcome Charles L. Evans, President & Chief Executive Officer of The Federal Reserve Bank of Chicago, on Tuesday, April 19th. President Evans will provide his views on the U.S. economy, inflation, and monetary policy.