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


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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.”

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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)

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


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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%.

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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%.

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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.

ECNY: Hosting Webcast Virtual Event

ECNY is pleased to welcome Dr. Rochelle P. Walensky 19th Director of the Centers for Disease Control and Prevention. Dr. Walensky will share insights on the changing guidance issued in relation to the COVID pandemic and what we can do to be further prepared in the future.

ECNY: Hosting Webcast Virtual Event

We are pleased to welcome Brad Jacobs, Chair & CEO of XPO Logistics. Brad will discuss the global supply chain and how staying dynamic can create significant shareholder value over time. He will also share how he has built five multibillion-dollar startups, including three publicly traded powerhouses.

ESSENCE: TIAA's Thasunda Brown Duckett Talks Racial Wealth Equity
Duckett came to TIAA after serving as Chief Executive Officer of Chase Consumer Banking and other financial institutions, along with serving on the boards of NIKE, Inc., Robert F. Kennedy Human Rights, and the Economic Club of New York.

On April 11, she sat down with John C. Williams President & CEO, Federal Reserve Bank of New York and Chair of the Economic Club of New York for a webinar event to discuss the state of racial equity, and her work to combat BIPOC financial disparity. Here are some key insights she offered during the conversation.

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ECNY: Luncheon & Webcast Event

Diversity, Equity & Inclusion Series

We welcome Club Trustee, Thasunda Brown Duckett, President and CEO of TIAA. In this conversation, Thasunda will shed light on the importance of having access and utilizing valuable financial planning and services. Thasunda will discuss how financial inclusion and opportunity should be available to businesses and individuals of all backgrounds.

ECNY: Hosting Webcast Virtual Event

Financing of the Civil War

We are pleased to welcome Roger Lowenstein, Author, Ways and Means, Lincoln and His Cabinet and the Financing of the Civil War. In conversation with Club Trustee, N. Greg Mankiw, Roger will dive into the financial aspects around President Lincoln's administration and its efforts toward political reform.

BLOOMBERG: A 30-Year-Old Crypto Billionaire Wants to Give His Fortune Away
The Economic Club of New York has hosted kings, prime ministers, and presidents, as well as Amazon.com Inc.’s Jeff Bezos and JPMorgan Chase & Co.’s Jamie Dimon. Central bankers’ comments at the 115-year-old organization have moved markets. Sam Bankman-Fried, a 30-year-old cryptocurrency billionaire, is probably the first person to play a computer game while giving a talk.
As the featured guest one morning in February, Bankman-Fried looks schlubby as usual, reclining on a gaming chair in blue shorts and a gray T-shirt advertising his cryptocurrency exchange, FTX, his mop of curly hair flattened by his headphones. He’s speaking by Zoom from his office in the Bahamas.

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American Banker: Rising rates, remote work put commercial real estate on Fed official's radar
Esther George, president of the Federal Reserve Bank of Kansas City, has commercial real estate on her radar for financial risks as the central bank tightens monetary policy.

Speaking with economist Peter Blair Henry during a webinar hosted by the Economic Club of New York on Wednesday, George said the combination of higher interest rates — raising the cost of CRE financing — and the pandemic-era shift toward remote work could hurt property owners and their lenders.

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CNBC Treasury yields fall as investors keep watch over bond spreads

In a speech to the Economic Club of New York, Kansas City Fed President Esther George said the curve didn’t necessarily signal a recession but could be a headwind for some banks.

“My concern about an inverted yield curve does not reflect its intensely debated value as a predictor of recession. Rather, my view is that an inverted curve has implications for financial stability with incentives for reach-for-yield behavior,” George said.

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