Manage episode 279783613 series 2611383
In this episode Harold King speaks with Jason Bram, Economist and Research Officer at The Federal Reserve Bank of New York. The Federal Reserve Bank of New York is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Fed, as the system is commonly called, is an independent governmental entity created by Congress in 1913 to serve as the central bank of the United States.
The New York Fed oversees the Second Federal Reserve District, which includes New York state. In addition to responsibilities the New York Fed shares in common with the other Reserve Banks, the New York Fed has several unique responsibilities, including conducting open market operations, intervening in foreign exchange markets, and storing monetary gold for foreign central banks, governments and international agencies.
Harold and Jason talk about the research the New York Fed has been conducting related to the pandemic and manufacturing. Jason’s past research has focused on both the recent trends toward urbanization, and the affects of natural disasters on regional economies – both highley relevant today. Jason and Harold also talk about remote work, lessons from the 1918 flu and possible recovery scenarios.
Links James Bram speaks on during the conversation:
Business Leaders Survey https://www.newyorkfed.org/survey/business_leaders/bls_overview
Empire State Manufacturing Survey https://www.newyorkfed.org/survey/empire/empiresurvey_overview
Supplemental Survey Report https://www.newyorkfed.org/survey/business_leaders/Supplemental_Survey_Report