On Tuesday, September 22, New York Fed President John Williams spoke at the 2026 U.S. Treasury Market Conference about how innovations in market structure have impacted monetary policy implementation.
September 22, 2026
Key Takeaways from President Williams’s Speech at the 2026 U.S. Treasury Market Conference
Posted in Monetary Policy Implementation | Permalink
September 1, 2026
A Framework for Understanding the U.S. Treasury Repo Market
The overnight U.S. Treasury repo market has experienced remarkable growth, with underlying transaction volumes for the Secured Overnight Financing Rate (SOFR) expanding from around $1 trillion in early 2022 to $3 trillion today. At the same time, this essential component of the financial system has become increasingly complex, with new segments introduced as market participants adopt central clearing. This article discusses a simplified framework to understand the complex mechanics and flows of the evolving market. This concept, referred to as the Client Segments Framework, helps the Open Market Trading Desk at the New York Fed (the Desk) monitor the repo market, an important market for the transmission of monetary policy, and report conditions to key stakeholders.
August 13, 2026
The Future of Market Liquidity and Functioning Workshop: Preparing for a Wave of Change
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.
August 12, 2026
Examining State and Local Affordable Housing Policy and Programs
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.
August 11, 2026
Innovating to Increase Housing Supply and Affordability
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.
August 6, 2026
Listening to Community Leaders in Buffalo and Rochester
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.
Posted in Community Development | Permalink
August 4, 2026
The 2026 Innovation Conference: Frontiers of Technology and Finance
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.
Posted in Technology | Permalink
August 3, 2026
Key Takeaways from President Williams’s Interview with Reuters
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.
Posted in Monetary Policy Implementation | Permalink
July 15, 2026
Key Takeaways from President Williams’s Speech on the Economic Outlook and Monetary Policy
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.
Posted in Economic Outlook | Permalink
June 25, 2026
The Strategy and the Goals
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.
