Federal Reserve Bank of New York President and CEO Dudley to speak at Whitman Sept. 27
William C. Dudley, president and chief executive officer of the Federal Reserve Bank of New York, will speak at the Martin J. Whitman School of Management at Syracuse University at 2 p.m. on Friday, September 27, 2013. In the Helaine and Marvin Lender Auditorium, Dudley will present a talk titled, “Where is the US Economy Headed and What’s the Interaction with Monetary Policy?” followed by a 15-minute question-and-answer period for students.
Dudley became the 10th president and CEO of the Federal Reserve Bank of New York on January 27, 2009. In that capacity, he serves as the vice chairman and a permanent member of the Federal Open Market Committee (FOMC), the group responsible for formulating the nation's monetary policy.
Previously, Dudley served as executive vice president of the Markets Group at the New York Fed, where he also managed the System Open Market Account for the FOMC. The Markets Group oversees domestic open market and foreign exchange trading operations and the provisions of account services to foreign central banks.
Prior to joining the Bank in 2007, Dudley was a partner and managing director at Goldman, Sachs & Company and was the firm's chief U.S. economist for a decade. Prior to joining Goldman Sachs in 1986, he was a vice president at the former Morgan Guaranty Trust Company. Dudley was an economist at the Federal Reserve Board from 1981 to 1983.
Dudley received his doctorate in economics from the University of California, Berkeley in 1982 and a bachelor's degree from New College of Florida in 1974.
In 2012, Dudley was appointed chairman of the Committee on the Global Financial System of the Bank for International Settlements (BIS). He is a member of the board of directors of the BIS and a vice chairman of the Economic Club of New York.
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of U.S. economic and financial systems. It 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. It is responsible for formulating and executing monetary policy; supervising and regulating depository institutions; providing an elastic currency; assisting the federal government's financing operations, and; serving as the banker for the U.S. government.