The Teller Window
A view into the work of the New York Fed
November 28, 2023
November 16, 2023

Key Takeaways from President Williams’s Speech at the 2023 U.S. Treasury Market Conference

On Thursday, November 16, 2023, New York Fed President John Williams spoke at the 2023 U.S. Treasury Market Conference about how transactions-based, transparent, and well-documented data is critical to the collective understanding and decision-making at the Federal Reserve and beyond.

November 3, 2023

Measuring and Adapting to Climate Risk: Key Takeaways from the 2023 Environmental Economics and Policy Conference

The New York Fed and Columbia University’s School of International and Public Affairs brought together economists, Ph.D. candidates, and climate experts on October 2 for the second annual Environmental Economics and Policy Conference, “Measuring and Adapting to Climate Risk.” The conference featured a keynote address from Columbia University professor and Nobel Laureate Joseph E. Stiglitz and a conversation between Stiglitz and New York Fed President John C. Williams.

October 10, 2023

Key Takeaways from Roberto Perli’s Speech on Monetary Policy Implementation

Roberto Perli, Manager of the Federal Reserve’s System Open Market Account (SOMA), spoke at the annual meeting of the National Association of Business Economics on Tuesday, October 10. He discussed monetary policy implementation, the performance of the Federal Reserve’s implementation framework over recent stress episodes, and his perspective on money markets and reserve conditions going forward.

September 29, 2023

Peeling the Inflation Onion, Revisited

Editor’s note: New York Fed President John C. Williams prepared the following remarks for delivery on Friday, September 29 as part of a regional visit to Long Island. The regional visit was canceled, and the speech was not delivered publicly, but we have published the text here at the originally scheduled time.

September 28, 2023

Better Late than Never: New York Fed Launches on Instagram

After 13 years and more than two billion active users, we’ve finally joined Instagram. Why now?

August 21, 2023

Liquidity Fees, Swing Pricing, and the 2023 Money Market Fund Reforms

In July 2023, the SEC issued a new set of reforms for the U.S. money market fund (MMF) industry. The reforms increase the amount of daily and weekly liquid assets a fund must hold, eliminate the link between weekly liquid assets (WLA) and the option to impose liquidity fees and redemption gates, and introduce a dynamic liquidity fee. This article describes some of the most important provisions of the reforms.

August 17, 2023

Innovating for the Future, Heeding Lessons from the Past

From artificial intelligence to digital assets, innovation is all the talk in finance. But as we think about the benefits of innovation and new financial products, it’s important to heed the lessons of the past. A particularly instructive example is the story of the London interbank offered rate, otherwise known as LIBOR.

August 14, 2023

Key Takeaways from the 2023 Financial Innovations Roundtable on Climate, Equity, and the Social Drivers of Health

The New York Fed and the Center for Impact Finance at University of New Hampshire’s Carsey School of Public Policy brought together leaders from the climate, health, and community development finance sectors for the annual Financial Innovations Roundtable, held in June. The Roundtable was part of an ongoing collaboration between the New York Fed and the Carsey School that aims to identify innovative ways to fund improvements in low- and moderate-income communities.

August 7, 2023

Key Takeaways from President Williams’s Interview with the New York Times

On Monday, August 7, The New York Times published a transcript of an interview with New York Fed President John Williams. In it, he discussed inflation, the labor market, and his outlook for monetary policy.


The Teller Window is a publication featuring expert knowledge and insight from the New York Fed, including thoughts and perspectives from senior leaders. It offers a deep look at issues that matter to the Federal Reserve’s Second District and the nation.

Articles on the Teller Window focus on the people and programs that help the New York Fed support the U.S. economy. They are written for a wide audience with the aim of illustrating what we are doing and why it matters. Stories include editorials, interviews, explainers, and reports on events and trends in our communities and region. The Teller Window is edited by the Communications and Outreach Group on behalf of the New York Fed. Separately, for analysis from New York Fed economists working at the intersection of research and policy, please see Liberty Street Economics.

The New York Fed began publishing on the Teller Window in November 2022. Articles with dates earlier than November 2022 were originally published by the New York Fed on Medium.

Step up to the Teller Window to learn more about the New York Fed’s work and views.