New York Fed President William Dudley to speak at UB

By Jacqueline Molik Ghosen

BUFFALO, N.Y. -- William C. Dudley, president of the Federal Reserve Bank of New York, will speak at the University at Buffalo on October 27.

“How Goes the Recovery? Challenges for the Nation, the Region and the Fed” will be the topic of his address.

The UB visit will begin with an open reception from 3:30-4 p.m. in the Tiffin Room in the Student Union on UB’s North Campus, followed by Dudley’s remarks and a question-and-answer session from 4-5 p.m. in the Student Union Theater.

Both the reception and the lecture are free and open to the public.

Earlier in the day, Dudley will tour GM Powertrain Tonawanda Engine Plant. His Buffalo visit is part of a multi-city trip that includes Ithaca, Syracuse and Rochester and reflects the Fed’s efforts to strengthen ties with the local community and business leaders and discuss regional economics.

As the 10th president and chief executive officer of the Federal Reserve Bank of New York, Dudley serves as the vice chair and a permanent member of the Federal Open Market Committee (FOMC), the group responsible for formulating the nation’s monetary policy.

He previously 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. Earlier in his career at Goldman Sachs, he held a variety of roles including a stint when he was responsible for the firm’s foreign exchange forecasts. Before 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.

He serves as chairman of the G-10 Committee on Payment and Settlement Systems of the Bank for International Settlements, and is a member of the board of trustees of the Economic Club of New York. He was a member of the Technical Consultants Group to the Congressional Budget Office, 1999-2005.

The University at Buffalo is a premier research-intensive public university, a flagship institution in the State University of New York system and its largest and most comprehensive campus. UB’s more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.