New York Fed first Vice President and COO Naureen Hassan pens op-ed on the case for flexible work

NEW YORK, NY (March 14, 2022) — First Vice President and Chief Operating Officer Naureen Hassan described how the Federal Reserve Bank of New York has embraced flexible work and the strategy behind that decision in a Friday op-ed that appeared in Crain’s New York Business.

In the piece, Hassan talks in equal measure about the importance of providing employees the flexibility to work remotely and the benefits of both collaborating in person and returning to the New York Fed’s Second District offices to better foster a sense of connection with the communities we serve.

Hassan writes that when she became COO of the New York Fed, she joined the legions of people who started a new job remotely. “I was excited to meet my colleagues and work for such a venerable institution. But back then, as I sat at my dining room table three time zones from New York City, I felt disconnected. It’s hard to feel part of a workplace culture when the only interactions you have are through a computer monitor,” she wrote. After moving to New York and meeting co-workers, she felt a true sense of belonging, she wrote.

While essential workers have been at the New York Fed offices in New York and East Rutherford, N.J. every day since March 2020, the New York Fed reopened the doors to its Liberty Street headquarters for the vast majority of employees on February 28, 2022.

The op-ed is available here:

About New York Fed

The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though it serves a geographically small area compared with those of other Federal Reserve Banks, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. The New York Fed has several unique responsibilities as part of the Federal Reserve System, including conducting open market operations to execute monetary policy on behalf of the FOMC, acting as the fiscal agent of the U.S. Treasury, operating Fedwire, and providing banking and clearing services to foreign central banks, governments and international agencies.


Mariah Measey
(347) 978-3071

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