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Good afternoon, everybody. Meeting ofthe 453rd the Economic Club of new york in our 109th year. I am bill dudley, president of the Federal Reserve bank in new york. The Economic Club is the nations leading Nonpartisan Forum for discussions on social and political issues with more than 1000 speakers appearing before the club in the last century. We have established a tradition of excellence. I want to recognize the 232 members of the centennial society. These club members make an extraordinary contribution to ensure the financial quality of the club in its second century. Their names are in your program. I would like to welcome students hear from columbia university, hunter college, nyu, university of pennsylvania, and Southern Methodist university. This afternoon, we are honored to be able to have as our guest speaker eric schmidt, the executive chairman of alphabet, inc. In this role, he acts as the firms global ambassador with the responsibility for external matters pertaining to all

New yorkUnited statesFrance generalSouthern methodist universityColumbia universitySaudi arabiaNorth koreaAshton carterJohn maloneNancy pelosiJohn lewisJohn larsonEric schmidtBilly housePaul ryanEconomic club