Williams: Global Finance - World Economy Summit

post: ECB'S KAZAKS: THE PATH FOR RATES IS DOWN. post: ECB'S KAZAKS: THE PROBABILITY OF A JUNE RATE CUT IS QUITE HIGH. post: ECB'S KAZAKS: EVEN GRADUAL CUTS WILL KEEP RATES RESTRICTIVE. post: ECB'S KAZAKS: WE AREN'T ABOUT TO DECLARE VICTORY OVER INFLATION. post: ECB'S KAZAKS: A FED CUT DELAY WOULD CREATE SOME FEEDBACK LOOPS.

Good morning, it is really a pleasure to join you by video. I would like to thank Supervision at the New York Fed for inviting me to join you at this year's Regional and Community Banking Conference. These forums enable us to continue our engagement with bankers in the industry to address a variety of issues and challenges that exist in the current banking environment. Some of the topics that will be covered today include contingency funding, operational readiness, market uncertainties, and banking innovations. I appreciate that you have joined us to discuss these and several other topics on our agenda. Before we get started, I would like to highlight a few areas of concern and identify some changed supervisory expectations that may provide a useful backdrop for the discussions. post: FED'S BOWMAN DOESN'T COMMENT ON MONETARY POLICY IN TEXT.

post: ECB'S SIMKUS: I SEE ABOUT THREE RATE CUTS THIS YEAR IN MY BASELINE.

post: FED'S WILLIAMS: THE FED IS DATA-DEPENDENT, AND THE DATA HAVE BEEN VERY GOOD. post: FED'S WILLIAMS: ECONOMIC IMBALANCES HAVE BEEN REDUCED. post: Fed's Williams: Don't Feel Urgency To Cut Rates - Eventually Interest Rates Will Need To Be Lower - Rate Cuts Will Be Determined By Economic Activity post: FED'S WILLIAMS: FED RATE HIKES ARE NOT MY BASELINE FORECAST. post: *WILLIAMS: SEEMS MONETARY POLICY IS WORKING THE WAY WE HOPED You hoped that your dovish pivot in December would unleash much hotter inflation and crush your plans to cut rates?

Today, in response to Iran’s unprecedented attack on Israel on April 13, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting 16 individuals and ...

post: FED'S WILLIAMS: FED'S 2% INFLATION GOAL IS THE RIGHT OBJECTIVE post: FED'S WILLIAMS: CRITICAL FOR FED TO ACHIEVE ITS 2% INFLATION TARGET post: FED'S WILLIAMS: LOW INFLATION IS THE BEDROCK OF PROSPERITY