Media Advisory

New York Fed President Dudley to Visit the U.S. Virgin Islands and Puerto Rico on March 6 and 7

Note that this media advisory will be updated with additional information
February 09, 2018

NEW YORK—Federal Reserve Bank of New York President William C. Dudley will visit the U.S Virgin Islands (USVI) and Puerto Rico on March 6 and 7 to meet with leaders in the local nonprofit, government and business sectors. The trip will primarily focus on understanding current economic conditions and recovery efforts in the aftermath of Hurricanes Irma and Maria.

On March 6, President Dudley will participate in a breakfast roundtable with nonprofit leaders on St. Thomas, followed by a tour of the Tutu neighborhood to understand rebuilding efforts. Afterwards, he will discuss the hurricanes’ impacts on the local economy with USVI Governor Kenneth E. Mapp and will separately meet with business community leaders.

From there, President Dudley will head to San Juan where he will hold a dinner discussion with small business service providers that provide capital assistance, workspace, mentorship support, and other services to developing firms across Puerto Rico. During his time in San Juan, President Dudley will also meet with local government officials.

On March 7, President Dudley will give a presentation with New York Fed economists at an event hosted by the Puerto Rico Chamber of Commerce. The presentation will focus on unfolding economic situation in Puerto Rico and they will take questions from the audience afterwards. After this, President Dudley will discuss the Island’s housing crisis with foreclosure prevention and legal service providers. The trip will conclude with a lunch discussion with the members of the Puerto Rico Bankers Association focused on developments in the banking sector.

Open press events:

USVI Nonprofit Leaders Breakfast Roundtable and Tutu Neighborhood Recovery Tour
Date: Tuesday, March 6, 2018
Time: 8:30 a.m. AST (local time) / 7:30 a.m. EST
Location: Community Foundation of the Virgin Islands
5150 Dronningens Gade, Suite 1
St. Thomas, USVI 00802

Presentation and Discussion with President Dudley and Economists on Puerto Rico
Date: Wednesday, March 7, 2018
Time: Approximately 9:00 a.m. AST (local time) / 8:00 a.m. EST
Location: San Juan, Puerto Rico (Address will be confirmed in the coming weeks)

At the event in Puerto Rico, remarks and audience Q&A are expected. Whether written text will be issued will be confirmed in the coming weeks. Text is not expected at the event in the USVI. Press may register by contacting Betsy Bourassa at Betsy.Bourassa@ny.frb.org.