NEW YORK—The Federal Reserve Bank of New York today announced the appointment of four new members to its Advisory Council on Small Business and Agriculture. The council, which is composed of local small business leaders, helps the New York Fed better understand the regional economy and business climate.
The council meets three times a year with the New York Fed president and staff. During each meeting, council members share their insight on business activity, the economic outlook, the labor market, and other issues affecting business conditions. This information also allows the New York Fed to identify challenges and opportunities in the region, and contributes to the formulation of monetary policy.
The following is a list of new council members:
- Michael Arnoff, president of Arnoff Moving and Storage, Albany, NY
- Eric Caslow, president of Acme Smoked Fish Corporation, Brooklyn, NY
- Deborah Leo, president of Retail Solution Center, Freeport, NY
- Patrick Marotta, president and chief executive officer of Marotta Controls, Montville, NJ
For more information on the council, including a full list of members, visit: Advisory Council on Small Business and Agriculture.