FRB New York Speeches

Monetary Policy Implementation in an Ample Reserves Regime

Julie Remache of FRB New York delivered remarks on February 12, 2026, explaining the Federal Reserve's ample reserves framework and balance sheet developments. The speech addressed recent FOMC decisions including ending balance sheet runoff and determining reserves had reached ample levels. Topics covered included administered rates, IORB, overnight reverse repo facilities, and standing repo operations.

The U.S. Economy: Reflections and a Look Ahead

Kartik Athreya, Director of Research and Head of the Research and Statistics Group at the Federal Reserve Bank of New York, delivered a keynote speech on the U.S. economy on February 19, 2026. The presentation was given to the Tioga County Chamber of Commerce in Nichols, New York, and separately to students at SUNY Broome Community College in Binghamton, New York. The speech provided reflections on current economic conditions and a forward-looking economic perspective.

Two Sides of a Coin: Credit Unions

Federal Reserve Bank of New York President John C. Williams delivered remarks at the America's Credit Unions Governmental Affairs Conference 2026 discussing the U.S. economy, labor market conditions, and the Fed's dual mandate goals. Williams highlighted economic resilience despite policy uncertainty, noting strength in consumer spending driven by higher-income households, while lower-income households show signs of financial constraint with rising mortgage delinquency rates.

Reflections on Early Days of Reserve Management Purchases and Ample Reserves

FRB New York SOMA Manager Roberto Perli delivered remarks on the Federal Reserve's transition from abundant to ample reserves, discussing how the FOMC concluded the runoff of SOMA securities holdings effective December 1, 2025, and instructed the Desk to begin reserve management purchases to maintain reserves within the ample range. The speech outlined the ample reserves framework and factors influencing reserve management and balance sheet size.

Ferrying Through the Crosscurrents - Economic Outlook Speech

Federal Reserve Bank of New York President John C. Williams delivered remarks on the U.S. economy to the Staten Island Economic Development Corporation on March 30, 2026. The speech addressed the Fed's dual mandate goals of maximum employment and price stability, noting the economy remains resilient with solid growth and consumer spending, though inflation remains somewhat elevated due to tariff effects. The labor market shows mixed signals with unemployment fluctuating in a narrow band of 4.3 to 4.5 percent since last July.