The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Fields of interest Regional economics, Urban economics, Labor Economics
Richard Deitz serves as Assistant Vice President and Senior Economist for the Federal Reserve Bank of New York, and has been with the Federal Reserve since 1998. He provides economic analysis of upstate New York for the Federal Reserve System, and often consults with state and local governments on regional economic issues.Prior to joining the Federal Reserve, Mr. Deitz served as a professor of economics for several upstate New York colleges and universities, including Canisius College, the University of Buffalo, the Rochester Institute of Technology, Saint Lawrence University, and Binghamton University. Mr. Deitz serves on the Board of Economic Advisors for the New York State Division of the Budget and the New York State Assembly Ways and Means Committee. He also resides on the Board of Directors for the New York State Economics Association, where he served as president, and is past president of the RegionalNew YorkCenter for Financial Training.Mr. Deitz created the Empire State Manufacturing Survey, and has published a number of works on issues facing the upstate New York economy, as well as a number of academic papers in the field of regional economics. Mr. Deitz has a Ph.D. in Economics from BinghamtonUniversity.