On a recent regional visit to Staten Island, President John C. Williams and New York Fed staff met with elected officials and leaders from business, nonprofits, and education to better understand the borough’s unique challenges and opportunities.
April 23, 2026
On the Ground in Staten Island: Investing in the Borough’s Future
Posted in Regional Visits | Permalink
April 16, 2026
Key Takeaways from President Williams’s Speech on the Economic Outlook and Monetary Policy
In remarks at the Federal Home Loan Bank of New York’s annual symposium on April 16, New York Fed President John C. Williams discussed the regional and U.S. economies, as well as the ways the Federal Open Market Committee (FOMC) is navigating through uncertainty to balance the risks to achieving its dual mandate goals of maximum employment and price stability. He also gave his economic outlook.
Posted in Economic Outlook | Permalink
April 13, 2026
The Federal Reserve’s Transition to Ample Reserves: A View from the SOMA Annual Report
From 2022 until December 2025, the Federal Reserve reduced its securities holdings by over $2 trillion, guided by the plans announced by the Federal Open Market Committee (FOMC) in May 2022. The FOMC ended this runoff when it decided reserves had reached an ample range. To maintain adequate reserve levels, the FOMC directed the Open Market Trading Desk at the New York Fed (the Desk) to increase System Open Market Account (SOMA) securities holdings through ongoing reserve management purchases (RMPs).
Posted in Financial Markets | Permalink
April 8, 2026
How Changes to GSE Ownership Structure Could Affect the Agency MBS Market
The Treasury Market Practices Group (TMPG) recently released a consultative note highlighting theoretical implications for the agency mortgage-backed securities (MBS) market from potential changes to the ownership structure of Fannie Mae and Freddie Mac, which are government-sponsored enterprises (GSEs).
Posted in Financial Markets | Permalink
March 31, 2026
The Implementation of Reserve Management Purchases to Maintain Ample Reserves
In December 2025, the Federal Open Market Committee (FOMC) determined that reserves had declined to ample levels and, consistent with its May 2022 plans, instructed the New York Fed’s Open Market Trading Desk (the Desk) to begin reserve management purchases (RMPs) to maintain reserves within an ample range. These RMPs—which increase the size of the Fed’s balance sheet and the amount of reserves in the banking system—would consist of Treasury bills and, if needed, other Treasury securities with remaining maturities of three years or less.
Posted in Monetary Policy Implementation | Permalink
March 30, 2026
Key Takeaways from President Williams’s Speech on the Economic Outlook and Monetary Policy
In remarks on Staten Island on March 30, New York Fed President John C. Williams discussed how the Federal Reserve is working to achieve its dual mandate goals of maximum employment and price stability. He also gave his economic outlook and discussed his views on monetary policy.
Posted in Economic Outlook | Permalink
March 3, 2026
Key Takeaways from President Williams’s Speech on the Economic Outlook and Monetary Policy
In remarks in Washington, D.C., on March 3, New York Fed President John C. Williams discussed how the Federal Reserve is working to achieve its dual mandate goals of maximum employment and price stability. He also gave his economic outlook and discussed his views on monetary policy.
Posted in Economic Outlook | Permalink
February 19, 2026
International Currency Dominance: Market Structure, Asset Safety, and Liquidity
The fourth International Roles of the U.S. Dollar Conference, held in September, brought together researchers, practitioners, and policymakers to examine the factors sustaining the dollar’s international roles, the evolving global fund allocation to U.S. safe assets, and the liquidity of these assets in a time of geopolitical and technological changes.
Posted in Financial Markets | Permalink
February 12, 2026
An Economy That Works for All: Financial Inclusion
The theme of the New York Fed’s fifth annual “An Economy That Works for All” event was financial inclusion, defined as the availability of opportunities to access and participate in the financial system. The January event brought together researchers, educators, and nonprofit leaders to explore how financial literacy and innovation can strengthen household financial health and broaden economic opportunity.
Posted in Community Development | Permalink
February 5, 2026
The FX Market’s Evolution in Focus at the 2025 FX Market Structure Conference
The foreign exchange (FX) market is the largest financial market by trading volume in the world, with over $9 trillion in average daily turnover, according to the latest Bank for International Settlements data. Given the market’s important role in supporting international trade, investment, and finance, it is crucial to understand and analyze developments in it to ensure it functions effectively and resiliently.
Posted in Financial Markets | Permalink
