Press Release
New York Fed President Dudley Visits Hudson Valley to Learn about Regional Issues, Provide Update on Regional Economy and Status of Recovery
May 19, 2011
NEW YORK – Today, Federal Reserve Bank of New York president William C. Dudley began a two-day visit to several cities in New York's Hudson Valley, including New Paltz, Kingston, Middletown and Fishkill. The visit to the region is part of the New York Fed's efforts to gather useful insights on the regional economy and to strengthen ties more broadly with the Federal Reserve's Second District.

While in the region, President Dudley is expected to meet with local community and business leaders to learn about the most pressing issues facing the local economy, and to visit with members of the academic community at SUNY New Paltz. Additionally, President Dudley is scheduled to deliver public remarks on U.S. and regional economic conditions at SUNY New Paltz, and at separate events with the Orange County Chamber of Commerce and Orange County Partnership, and the Dutchess County Chamber of Commerce.

President Dudley is also expected to tour a number of businesses in the region, including Solar Tech Renewables, LLC, a Kingston-based manufacturer of photovoltaic panels; Ball Corporation, a Middletown-based supplier of rigid metal packaging products and services; and President Container, LLC, a Middletown-based manufacturer of corrugated shipping containers.

The New York Fed's regional mission is to promote sustained economic vitality by leveraging the Bank's strengths to benefit the citizens of the District. President Dudley's trip to the Hudson Valley furthers the New York Fed's active role in maintaining connections with the people and key communities in the District that help to inform Bank policy decisions and ultimately build support for sound monetary and regulatory policy.

About the Federal Reserve Bank of New York
The Federal Reserve Bank of New York 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 Federal Reserve is an independent governmental entity created by Congress in 1913 to serve as the central bank of the United States. 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.

Contact:
Jeffrey Smith
(212) 720-6139
(646) 720-6139
jeffrey.smith@ny.frb.org

Eric Pajonk
(212) 720-1735
(646) 720-1735
eric.pajonk@ny.frb.org

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