Federal Reserve Bank of New York President John Williams said interest rates will need to come down “at some point” if inflation returns to the US central bank’s 2% target, as he expects.
Federal Reserve Bank of New York President John Williams said interest rates will need to come down “at some point” if inflation returns to the US central bank’s 2% target, as he expects.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a Bloomberg Television interview in New York, US, on Tuesday, April 7, 2026. Williams said his outlook for underlying price pressures in the US was largely unchanged despite his expectation that higher energy costs stemming from the war in Iran will boost overall inflation. Photographer: Michael Nagle/Bloomberg
Federal Reserve Bank of New York President John Williams said interest rates will need to come down “at some point” if inflation returns to the US central bank’s 2% target, as he expects.
Federal Reserve Bank of New York President John Williams said interest rates will need to come down “at some point” if inflation returns to the US central bank’s 2% target, as he expects.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a Bloomberg Television interview in New York, US, on Tuesday, April 7, 2026. Williams said his outlook for underlying price pressures in the US was largely unchanged despite his expectation that higher energy costs stemming from the war in Iran will boost overall inflation. Photographer: Michael Nagle/Bloomberg
Federal Reserve Bank of New York President John Williams said interest rates will need to come down “at some point” if inflation returns to the US central bank’s 2% target, as he expects.
Federal Reserve Bank of New York President John Williams said interest rates will need to come down “at some point” if inflation returns to the US central bank’s 2% target, as he expects.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a Bloomberg Television interview in New York, US, on Tuesday, April 7, 2026. Williams said his outlook for underlying price pressures in the US was largely unchanged despite his expectation that higher energy costs stemming from the war in Iran will boost overall inflation. Photographer: Michael Nagle/Bloomberg
Kevin Warsh said he will be an independent actor as head of the Federal Reserve.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh's testimony highlights the fine line he must walk during the hearing between President Donald Trump's demands for lower rates and reassuring investors that he will defend the Fed's autonomy in rate-setting. Photographer: Graeme Sloan/Bloomberg
Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, will appear before the Senate Banking Committee for a confirmation hearing at 10 a.m. Tuesday. It could be the most contentious such hearing in many decades.
Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, will appear before the Senate Banking Committee for a confirmation hearing at 10 a.m. Tuesday. It could be the most contentious such hearing in many decades.
Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, will appear before the Senate Banking Committee for a confirmation hearing at 10 a.m. Tuesday. It could be the most contentious such hearing in many decades.
Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, will appear before the Senate Banking Committee for a confirmation hearing at 10 a.m. Tuesday. It could be the most contentious such hearing in many decades.
Uruguay’s economy should bounce back from weak growth in the second half of last year to expand by just under 1% in this year’s first quarter, according to the country’s top central banker.
Uruguay’s economy should bounce back from weak growth in the second half of last year to expand by just under 1% in this year’s first quarter, according to the country’s top central banker.
Guillermo Tolosa, chairman of the Central Bank of Uruguay, during an interview at the bank headquarters in Montevideo, Uruguay, on Monday, March 31, 2025. Tolosa said that Uruguay is prepared to further hike interest rates if needed to guide inflation and price expectations to the 4.5% target as the South American country seeks to build on its recent success in cooling consumer prices
The message from US Treasury Secretary Scott Bessent to his fellow economic policymakers a year ago came as a welcome surprise — that “America First does not mean America alone” and that the US is “doubling down on our engagement with the international economic system.”
The message from US Treasury Secretary Scott Bessent to his fellow economic policymakers a year ago came as a welcome surprise — that “America First does not mean America alone” and that the US is “doubling down on our engagement with the international economic system.”
US Treasury Secretary Scott Bessent on April 15 in Washington.
Uruguay’s economy should bounce back from weak growth in the second half of last year to expand by just under 1% in this year’s first quarter, according to the country’s top central banker.
Uruguay’s economy should bounce back from weak growth in the second half of last year to expand by just under 1% in this year’s first quarter, according to the country’s top central banker.
Guillermo Tolosa, chairman of the Central Bank of Uruguay, during an interview at the bank headquarters in Montevideo, Uruguay, on Monday, March 31, 2025. Tolosa said that Uruguay is prepared to further hike interest rates if needed to guide inflation and price expectations to the 4.5% target as the South American country seeks to build on its recent success in cooling consumer prices
Kevin Warsh will get his first major public platform as Federal Reserve Chair nominee next week to address his longstanding concerns over the central bank’s outsized market footprint.
Kevin Warsh will get his first major public platform as Federal Reserve Chair nominee next week to address his longstanding concerns over the central bank’s outsized market footprint.
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. The International Monetary Fund sharply lowered its forecasts for world growth for this year and next, warning the outlook could deteriorate further as US President Donald Trump's tariffs spark a global trade war. Photographer: Tierney L. Cross/Bloomberg
Peru central bank chief Julio Velarde is staying patient as conflict in the Middle East continues, saying it would be “premature” to raise interest rates in response to what should be a transitory shock to energy prices.
Peru central bank chief Julio Velarde is staying patient as conflict in the Middle East continues, saying it would be “premature” to raise interest rates in response to what should be a transitory shock to energy prices.
Federal Reserve Bank of New York President John Williams said high uncertainty should prevent policymakers from providing any strong guidance on the future path of interest rates, though his outlook still includes rate cuts in the longer term.
Federal Reserve Bank of New York President John Williams said high uncertainty should prevent policymakers from providing any strong guidance on the future path of interest rates, though his outlook still includes rate cuts in the longer term.
Federal Reserve Bank of New York President John Williams Photographer: Michael Nagle/Bloomberg
Australia’s inflation remains too high and interest rates will need to be set at a level consistent with returning it to the 2–3% target, Reserve Bank Deputy Governor Andrew Hauser said, as a surge in energy prices tied to the Iran war sent consumer and business confidence tumbling.
Australia’s inflation remains too high and interest rates will need to be set at a level consistent with returning it to the 2–3% target, Reserve Bank Deputy Governor Andrew Hauser said, as a surge in energy prices tied to the Iran war sent consumer and business confidence tumbling.
Andrew Hauser Photographer: Lisa Maree Williams/Bloomberg
Total net income from the Federal Reserve’s System Open Market Account is expected to turn positive in 2026, according to projections from the New York Fed released Monday.
Total net income from the Federal Reserve’s System Open Market Account is expected to turn positive in 2026, according to projections from the New York Fed released Monday.
The Federal Reserve Bank of New York in New York, US, on Tuesday, April 7, 2026. Federal Reserve Bank of New York President and CEO John Williams said his outlook for underlying price pressures in the US was largely unchanged despite his expectation that higher energy costs stemming from the war in Iran will boost overall inflation.
A senior US Senate Democrat is pressing Treasury Secretary Scott Bessent for information on whether the department had done planning ahead of the launch of the Iran war on the economic fallout it would generate.
A senior US Senate Democrat is pressing Treasury Secretary Scott Bessent for information on whether the department had done planning ahead of the launch of the Iran war on the economic fallout it would generate.
Federal Reserve Bank of New York President John Williams said his outlook for underlying price pressures in the US was largely unchanged despite his expectation that higher energy costs stemming from the war in Iran will boost overall inflation.
Federal Reserve Bank of New York President John Williams said his outlook for underlying price pressures in the US was largely unchanged despite his expectation that higher energy costs stemming from the war in Iran will boost overall inflation.
Federal Reserve Bank of New York President and CEO John Williams
Federal Reserve Bank of New York President John Williams said risks to inflation and employment from higher energy prices are “in balance” and that he favors holding interest rates steady.
Federal Reserve Bank of New York President John Williams said risks to inflation and employment from higher energy prices are “in balance” and that he favors holding interest rates steady.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, Sept. 4, 2025. Williams said his forecast is that it will “become appropriate” to cut interest rates “over time,” without clarifying the timing or pace of such moves.
Federal Reserve Bank of New York President John Williams said interest rates were well positioned amid signs of significant supply chain disruptions due to war in the Middle East.
Federal Reserve Bank of New York President John Williams said interest rates were well positioned amid signs of significant supply chain disruptions due to war in the Middle East.