Employment remained stable in recent weeks as inflation continued to rise across much of the country, driven primarily by the impact of war in the Middle East on energy prices, the Federal Reserve said.
Employment remained stable in recent weeks as inflation continued to rise across much of the country, driven primarily by the impact of war in the Middle East on energy prices, the Federal Reserve said.
Shoppers on Stockton Street in the Chinatown district of San Francisco.
Federal Reserve Bank of New York President John Williams said US monetary policy is well positioned for now but he sees no obvious direction for the future path of interest rates.
Federal Reserve Bank of New York President John Williams said US monetary policy is well positioned for now but he sees no obvious direction for the future path of interest rates.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, at the Reykjavik Economic Conference in Reykjavik, Iceland, on Thursday, May 28, 2026. Central-bank governors from several advanced economies are scheduled to attend the conference. Photographer: Betty Laura Zapata/Bloomberg
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