emmanuel tumusiime - mutebile : the uganda securities exchange ’ s efforts in deepening and broadening capital markets speech by prof emmanuel tumusiime - mutebile, governor of the bank of uganda, at the nation media group shares cross - listing luncheon, kampala, 19 october 2010. * * * the chairman, nation media group, mr. wilfred kiboro the chairman, capital markets authority, uganda, mr. haji twaha kawasse the ceo, uganda securities exchange, mr. joseph kitamirike the ceo, nation media group, mr. linus gitahi directors and staff of nation media group, shareholders, investors, distinguished guests, ladies & gentlemen i am pleased to have been invited to attend and make key remarks at this luncheon commemorating today ’ s cross listing of east africa ’ s premier media house, the nation media group. i want to commend and appreciate nation media group for the gesture. the building block of the success of the uganda securities exchange that we witness today is largely attributed to government and we must applaud its efforts in creating an environment in which the economy can thrive. together with the government, the role of the bank of uganda in particular consists of providing a supporting environment for rigorous economic activity through sound and coherent macroeconomic policies. the central bank ’ s efforts towards supporting macroeconomic environment have centered on preserving price stability. ensuring a reasonably low level of inflation helps reduce uncertainty in economic decisionmaking so that individuals and investors have a reliable basis for long - range decisions and plans. the bank ’ s efforts to keep inflation in check have so far been successful. a continuing commitment to prudent macroeconomic policies builds confidence in uganda as an investment destination and boosts the country as a whole. the use has played it role in providing an efficient, well regulated exchange that has made the investment process as simple, affordable and transparent as possible. however, the underlying investment decision is dependent upon perceptions of the future performance of uganda as a whole. in conclusion, i wish to highlight some critical factors that will govern the progress of the use going forward. firstly, will be the steadfast commitment to taking a regional and global view for purposes of deepening and broadening our capital markets. secondly, our regulatory and enforcement structures should be responsive to today ’ s market place. in conclusion, i want to congratulate the nation media group ’ s board of directors, the management and staff for this monumental achievement

william c dudley : the national and regional economic outlook remarks by mr william c dudley, president and chief executive officer of the federal reserve bank of new york, at the center for economic development, syracuse, new york, 12 april 2012. * * * good morning, i am pleased to be here in syracuse at the center for economic development. it is always a pleasure to speak with business and community leaders because of the important role you play in helping to shape the economy of the region. i thank you all for inviting me here today. i try to get out of my office in new york city as much as i can to get a sense of regional economic conditions across the second federal reserve district. i was last here in syracuse in 2010 and, more recently, i traveled to west point and the capital region and long island. these visits are just as important as any trip i might take to washington, d. c., to help formulate monetary policy, or to switzerland, to help shape international bank regulation. each visit within the region helps me to deepen the relationships with the people i represent. i believe that the understanding of issues and concerns that i gain today will help ensure that the fed ’ s policy decisions reflect the public interest. today, i want to talk a bit about the fed – what we do and why we do it. then i ’ ll provide some thoughts about the economic outlook nationally and locally. after that, i ’ ll be happy to answer any questions you have about what the fed does and why, and about the economic outlook. as always, what i have to say reflects my own views and not necessarily those of the federal reserve system or the federal open market committee, also known as the fomc. what the new york fed does by way of introduction, i will briefly review what my colleagues and i do at the new york fed on behalf of the second district. i have the great fortune to serve as the vice chair of the fomc that meets eight times a year in washington to set interest rates and make other decisions about monetary policy. the members of this committee all strive to set policy to advance the mandate given to us by congress to promote the maximum level of employment consistent with price stability. sometimes we have different views on the specific policy choice at hand, and you should view this as completely appropriate : these are hard questions – particularly during difficult economic circumstances such as we face today. in fact, i think we make better decisions as a committee because