Unbeknownst to many, early monday morning, when many Newarkers were still taking one last look in the mirror before heading out to work, William C. Dudley, President & CEO of the New York Federal Reserve stood at a podium in the Chase Room at NJPAC and gave a talk on the current state of the regional economy and its future outlook. That’s right….unbeknownst.
He spoke of economic developments in New Jersey and how monetary policy might evolve should his opinion on the regions economic outlook be realized over the next year. This, of course, is especially intriguing to those of us who live, work, and/or play in Newark as we are seeing new and renewed economic interest in Newark first-hand. But Mr. Dudley wasn’t simply stopping by NJPAC to give a talk. His itinerary included a tour of Teacher’s Village in Newark (the largest and first of its kind development in Newark in decades), a roundtable discussion with members of the Statewide Hispanic Chamber of Commerce of New Jersey in Union City, a meeting with Mayor Steven Fulop of Jersey City focused on the economic and community development there, a meeting with non-profit small business lenders, and a visit to the Stevens Institute of Technology to learn about advancements in their media engineering curriculum to help fill a skills gap in the region.
We’ll follow-up with Mr. Dudley’s tour of Teacher’s Village, but here’s some footage of his talk at NJPAC.
