While admitting that there isn’t much the Federal Reserve Bank of New York can do to spur economic growth for the island, William Dudley, the head of the regulatory agency, said Tuesday he is “confident that Puerto Rico has started on the road to recovery.”
The Federal Reserve Bank of New York will release findings of the “Puerto Rico Small Business Survey,” a pilot study that focuses on the business performance, financing needs and borrowing experiences of firms across the island.
The Federal Reserve Bank of New York’s “Liberty Street Economics” blog will launch a blog series on Puerto Rico’s economy and factors that may be important for generating sustained growth starting Aug. 8, the agency announced Wednesday.