Two Sides of a Coin: Credit Unions

Thu, 16 Apr 2026 05:40:01 +0000
Banking

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.