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Uploaded on Feb 2, 2012
Welcome by Krishna Guha of the Federal Reserve Bank of New York as part of the New York Fed's Regional Economic Press Briefing on January 27, 2012 on the recession, federal stimulus and New York / New Jersey schools. Presentations shared highlighted recent patterns and challenges in school financing and examined how state governments will cope with pending decreases in federal funding support.
The event also includes an update on local economic conditions and trends from New York Fed economists and a staff panel answered questions from the media on the economy and local school financing following the presentations. President William C. Dudley also offered remarks on the regional economy and participated in the Q&A session. (Part 1 of 5)