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JERSEY CITY, N.J. | (NJCU) and its Guarini Institute for International Education and Economic Mobility will host a virtual event on Friday, February 18 featuring John C. Williams, President & CEO of the Federal Reserve Bank of New York and Vice Chair of the Federal Open Market Committee (FOMC) on the state of the U.S. economy, monetary policy, and the economic outlook for the northern New Jersey region.

The webinar will begin at 11 a.m. Eastern. The event is open to the public and the media and will include a moderated Q&A session.

President Williams will deliver a speech and participate in a moderated discussion with Dr. Bernard McSherry, Founding Dean of the NJCU School of Business and take questions from NJCU faculty and students. NJCU President Dr. Sue Henderson  will offer welcoming remarks.

The event is the culmination of a two-day series of engagements Williams will hold with leaders in government, business, education, and community development to the northern New Jersey region on February 17 and 18. Highlighting the opening day of the engagements on February 17, Williams will meet virtually with New Jersey Governor Phil Murphy to discuss current economic conditions and the progress of the pandemic recovery across the state.

Dr. Adrian Franco, Executive Director of the Guarini Institute at NJCU, said “We are honored to host this conversation between New York Fed President John Williams and the NJCU community as a part of his regional visit to Northern New Jersey. President Williams has demonstrated throughout his career his commitment to making the economy stronger for all and continues to address key challenges in economic mobility. The Federal Reserve’s unique role convening education and workforce development leaders has opened the door to innovations like the ones the Guarini Institute at NJCU is launching to engage students with local and global businesses.”

President Williams will speak about the economic outlook and monetary policy, and his remarks will be followed by a moderated discussion on economic trends and the outlook for the northern New Jersey economy, in light of his conversations with stakeholders in the region.

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 our economic and financial systems. The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands.

The mission of the Guarini Institute for International Education and Economic Mobility is to increase the economic mobility of college students by championing innovative approaches to education and economic development. Franco reflected, “the Guarini Institute at NJCU believes today’s non-traditional college students need a different approach to bridge the current gaps between education and work. By connecting our students to educational, mentoring, career building, and work experiences within an innovative, supportive ecosystem and leveraging cutting edge technologies, we help them build the skills, knowledge, confidence, networks, and global awareness that improve their job readiness, the transition from college to work, and ultimately, their ability to survive and thrive in ways that increase income, education, health, and upward mobility.”

, members of the public and media members can sign up at .

Media members who wish to join the media availability must register in advance by contacting Shelley Pitterson at the New York Fed: shelley.pitterson@ny.frb.org.