NY Fed President John Williams Visits Bronx to Assess Local Economy

New York Fed President John Williams will visit the Bronx on Monday, November 23, to engage with local leaders across the government, business, and education sectors, according to newyorkfed.org.

The daylong regional visit is designed to gather direct intelligence on economic conditions within the borough. By meeting with community stakeholders, Williams aims to assess the ground-level realities of the Federal Reserve’s Second District, a vast economic zone that encompasses New York State, northern New Jersey, southwestern Connecticut, Puerto Rico, and the U.S. Virgin Islands.

The itinerary begins in the South Bronx, where Williams will hear reports from local officials regarding the current economic climate. This segment of the trip includes a stop at the Un MAR de Gente mural, which is described as the tallest mural in the United States.

Williams will also visit the El Nuevo San Juan Health Center, part of the Urban Health Plan network. This visit focuses on how one of New York State’s largest community health center networks utilizes arts, workforce development, and community programs to address the social determinants of health.

The schedule moves from healthcare to commerce as Williams travels to the Andrew Freedman Home. There, he is set to meet with members of the Bronx Chamber of Commerce to discuss local business conditions and the broader economy.

Economic revitalization efforts in the borough are a central theme of the visit. Williams will meet with leadership at the Paradise Theatre, a former movie palace on the Grand Concourse that is currently being prepared to reopen as a performing arts center. During this stop, he will confer with members of the Bronx Economic Development Corporation and the venue’s leadership team regarding the borough’s economic trajectory.

The regional tour continues at the University of Mount Saint Vincent in Riverdale. Williams will meet with university leadership to discuss the institution’s specific role in supporting the local economy.

The visit will conclude with a formal presentation at the University of Mount Saint Vincent. At 4:00 PM EST, Williams is scheduled to deliver remarks regarding the economic outlook and monetary policy, followed by a moderated Q&A session with an audience of faculty and students.

The event is located at 6301 Riverdale Ave, Bronx, NY 10471. Reporters interested in attending the session must register by contacting Brian Manning at the New York Fed.