Federal Reserve Bank of San Francisco President Mary Daly said monetary policy is in a good place right now, but there’s too much uncertainty in the economy to offer a view on where rates are headed.
The Federal Reserve Bank of San Francisco. Photographer: Justin Sullivan/Getty Images
Domestic production of oil has significantly reduced the impact of energy-price shocks on US inflation and unemployment since the 1970s, according to new research from the Federal Reserve Bank of Boston.
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.
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
Federal Reserve Bank of Philadelphia President Anna Paulson said she favored holding interest rates steady and conditioned lower borrowing costs on making sustained progress on inflation.
Shoppers on Fifth Avenue in New York, US, on Thursday, May 14, 2026. US inflation accelerated in April on rising gasoline and grocery costs, exceeding wage growth in a double-whammy for already strained consumers. Photographer: Victor J. Blue/Bloomberg
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
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.
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
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.
Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.
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.
Federal Reserve Bank of New York’s Roberto Perli said the central bank’s monthly Treasury bill purchases are not on a pre-determined course and can be adjusted depending on market conditions.
Roberto Perli, manager of the System Open Market Account (SOMA) for the Federal Reserve Bank of New York, speaks during the National Association of Business Economics (NABE) economic policy conference in Dallas, Texas, US, on Tuesday, Oct. 10, 2023. The theme of event is Beyond the Business Cycle: Adapting to a New Global Paradigm. Photographer: Nitashia Johnson/Bloomberg
Federal Reserve Bank of New York’s Roberto Perli said the central bank’s monthly Treasury bill purchases are not on a pre-determined course and can be adjusted depending on market conditions.
Roberto Perli, manager of the System Open Market Account (SOMA) for the Federal Reserve Bank of New York, speaks during the National Association of Business Economics (NABE) economic policy conference in Dallas, Texas, US, on Tuesday, Oct. 10, 2023. The theme of event is Beyond the Business Cycle: Adapting to a New Global Paradigm. Photographer: Nitashia Johnson/Bloomberg
The Federal Reserve on Friday named Jerome Powell the temporary chair of the Board of Governors until his successor Kevin Warsh is officially sworn in, the central bank said in a statement.
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, April 29, 2026. Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.
Federal Reserve Bank of Boston President Susan Collins said interest rates should remain on hold for “some time,” arguing she is particularly concerned about elevated inflation.
Federal Reserve Bank of Boston President Susan Collins said she agreed with colleagues who dissented at last week’s monetary policy gathering over wording in the Fed’s post-meeting statement that suggested the central bank would eventually resume rate reductions.
Federal Reserve Bank of Boston President Susan Collins.
Federal Reserve Bank of Boston President Susan Collins said she agreed with colleagues who dissented at last week’s monetary policy gathering over wording in the Fed’s post-meeting statement that suggested the central bank would eventually resume rate reductions.
Federal Reserve Bank of Boston President Susan Collins.
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.
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.
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.