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.
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.
Roberto Perli, manager of the Federal Reserve’s System Open Market Account (SOMA), spoke about reserve management and the SOMA portfolio at the Atlanta Fed’s Financial Markets Conference on May 19.
The Federal Open Market Committee (FOMC) is responsible for conducting U.S. monetary policy to promote maximum employment and stable prices. The FOMC’s primary tool for adjusting the stance of monetary policy is by setting and adjusting the target range for the federal funds rate, which is the rate at which banks and other eligible Federal Reserve account holders borrow and lend reserves between each other on an overnight basis. In the Fed’s ample reserves implementation framework, the federal funds rate is kept within the target range primarily through the setting of administered rates, which are rates set directly by the Fed rather than by market forces, in conjunction with the Fed supplying sufficient levels of reserves to the banking system.
In remarks in New York City on May 4, New York Fed President John C. Williams spoke about 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. He also discussed the U.S. economy and monetary policy and gave his economic outlook.
