At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
The Future of Market Liquidity and Functioning Workshop, which the New York Fed co-hosted in July with The Clark Center for Global Markets at the University of Chicago Booth School of Business, focused on forthcoming changes in securities clearing, potential innovations in payments processing, and how both could impact the underlying structure of markets, market functioning, and monetary policy implementation.
Communities around the nation are grappling with a shortage of affordable housing. In this article, the second in a two-part series, we highlight key ideas from a recent roundtable the New York Fed held with Second District policymakers, bankers, and developers. The discussion centered on factors that are limiting the supply of affordable housing and the possibility that creative financing could spur new affordable developments.
New York State, like much of the country, is grappling with producing more housing units—including those serving low- and moderate-income residents. The New York Fed and NYU’s Furman Center recently convened a series of roundtables that brought together builders, developers, and housing experts to discuss affordable housing challenges and solutions. This article, the first in a two-part series on the issue, reflects the discussion, with a focus on factors that make housing more expensive to build and ideas to reduce costs and increase production.
As part of the New York Fed’s efforts to understand economic conditions throughout the Federal Reserve’s Second District, the Community Development team meets with local leaders to hear about the economic experiences of low- and moderate-income communities. During a June visit to Rochester and Buffalo, a few themes emerged: housing challenges, the possibilities of AI, and workforce shortages. Leaders also spoke about challenges for community-based organizations.
The 2026 New York Fed Innovation Conference, held in June, centered on recent innovations in technology and finance, exploring the critical role regulators and the private sector play in supporting modernization and stability.
On Monday, August 3, Reuters published a transcript of an interview with New York Fed President John Williams, who discussed his outlook for inflation, monetary policy, and the FOMC’s commitment to achieving price stability.
In remarks in New York City on July 15, New York Fed President John C. Williams spoke about the U.S. economic outlook, New York City’s economy, and how the Federal Open Market Committee (FOMC) is working to achieve its dual mandate goals of maximum employment and price stability at a time of great uncertainty.
Editor’s note: New York Fed President John C. Williams prepared the following remarks for delivery on Thursday, June 25 at the Crane’s Money Fund Symposium. President Williams was not able to participate in the event, and the speech was not delivered publicly. We have published the text of his remarks here at the originally scheduled time.
The Seventh Annual State-of-the-Field Conference on Cyber Risk to Financial Stability, co-hosted by the New York Fed, brought together researchers, practitioners, and policymakers at Columbia University’s School of International and Public Affairs on April 17. Through research presentations and panel discussions, the conference examined emerging threats to financial sector stability, distilling what the industry is learning and what more can be done.
New York Fed President John C. Williams and staff recently visited Orange County, New York, to hear from local leaders about challenges and opportunities in this growing region.
