NY Fed Official Downplays FOMC Asset Buying Directive
A New York Federal Reserve official has reportedly downplayed the significance of the Federal Open Market Committee's (FOMC) directive regarding asset purchasing.
51 stories found
A New York Federal Reserve official has reportedly downplayed the significance of the Federal Open Market Committee's (FOMC) directive regarding asset purchasing.

A recent New York Federal Reserve survey indicates that short-term inflation expectations have moderated, primarily driven by lower gas prices. The survey also noted a worsening outlook for the labor market.

More Americans are experiencing hunger this year than during the peak of the Covid-19 pandemic, according to a recent report from the Federal Reserve Bank of New York.
Former New York Fed President Bill Dudley has issued a warning to the Federal Reserve regarding the current economic climate. His comments come as Kevin Warsh inherits an inflation challenge, suggesting potential difficulties for monetary policy.

A federal judge in New York has issued a ban on most arrests by federal immigration agents within immigration courts in Manhattan. The ruling comes after the agency falsely claimed agents could make such arrests.

According to a new report from the New York Fed, 2.6 million student loan borrowers fell into default in early 2026, with these defaults now appearing on consumers' credit reports for the first time since the Covid pandemic.
A federal watchdog has accused a top federal prosecutor in New York of misconduct, following an investigation into their actions.

The European Union is preparing its response to potential US tariffs on cars and discussing its new budget, which prioritizes key issues like defense, migration, and agriculture. The bloc is also testing its mutual assistance clause and launching aid programs.

New York Fed President John Williams expressed concern that ongoing conflict will slow economic growth and worsen inflation. He noted that the war has intensified uncertainty regarding national and local economic conditions.
The New York Federal Reserve has indicated that its net income could turn positive by the end of this year.

Foreign central banks have significantly reduced their holdings of US Treasury bonds at the New York Federal Reserve to their lowest level since 2012, reportedly selling these assets to support their economies and currencies amidst the ongoing war with Iran.
A New York Federal Reserve official indicated that the central bank's bill buying activities are expected to moderate in the near future.
The New York Federal Reserve reported that Americans' credit applications have increased to their highest level since October 2022.

New York Fed President John Williams stated that the burden of tariffs falls 'overwhelmingly' on U.S. businesses and consumers, hindering the Fed's 2% inflation target.
The New York Fed's inflation measure showed an increase in December, indicating a heating up of inflationary pressures.

A Trump adviser has criticized a New York Fed study on the impact of tariffs, calling for the economists involved to be disciplined.

Donald Trump's political team held a strategy session to focus on the economy as a key issue for the upcoming midterm elections, aiming to highlight affordability efforts.

Donald Trump announced that a peace deal between the US and Iran would be signed on Sunday, a claim met with disagreement from Iran regarding the timing. The impending agreement sparked strong reactions, including criticism from Israeli Prime Minister Netanyahu who convened an emergency security council meeting.

A New York Fed survey indicates that household concerns over finances have reached their highest point since July 2022, despite the central bank's monthly survey showing a largely unchanged inflation outlook.

Research from the Federal Reserve Bank of New York indicates a 'remarkable' increase in food insecurity among low-income households, contributing to a widespread feeling of economic hardship in a K-shaped economy.

Nicolas Maduro, the former president of Venezuela, has reportedly seen an improvement in his prison conditions in a New York federal facility, after nearly five months of initial solitary confinement.
The New York Federal Reserve has issued a warning regarding a substantial $69 trillion foreign investment 'burden' on the United States economy.
The New York Federal Reserve has released findings indicating persistent challenges with student loans during the first quarter of the year. The report highlights ongoing woes faced by borrowers.

A New York Fed survey indicates that inflation expectations have surged to a three-year high, reflecting a significant increase in financial pessimism.
Former New York Fed President Bill Dudley states there is no compelling reason for Kevin Warsh to advocate for interest rate reductions. He suggests current economic conditions do not warrant such a move.

The organizer of New York City's annual SantaCon pub crawl has been charged with wire fraud for allegedly stealing millions of dollars in charity funds. Prosecutors claim he diverted money intended for charitable causes to finance his lavish lifestyle.
New York Federal Reserve President John Williams anticipates core inflation will remain around 2.5% this year, even with a recent surge in oil prices.

Foreign central banks, particularly those from oil-importing nations, have significantly reduced their holdings of US Treasury bonds at the New York Federal Reserve, driven by increased payments for dollar-denominated oil.

Deposed Venezuelan president Nicolás Maduro and his wife Cilia Flores have returned to a Manhattan federal court for a key hearing in his 'narco-terrorism' case, where they have pleaded not guilty after being captured by the US military in January.
A New York Fed analysis revealed the college majors that have resulted in significant financial returns for millennials in the middle of their careers.
The New York Fed reports that the shrinking appeal of government bonds comes with a significant cost.
The New York Federal Reserve's inflation measure showed an increase in December, indicating a heating up of inflationary pressures.
A top Trump advisor is reportedly furious about a New York Fed paper revealing the true cost of tariffs, vowing to punish the institution for what he calls the 'worst paper' ever.

Former National Economic Council Director Kevin Hassett has strongly criticized a New York Fed tariff study, calling it the 'worst paper I've ever seen' and suggesting its authors should be disciplined for ignoring key aspects of how duties worked.

A New York Federal Reserve survey indicates that Americans are experiencing increased financial stress due to rising debt worries, tightening credit access, and persistent inflation, despite an unchanged inflation outlook.

New research, including findings from the New York Fed, suggests that the increase in remote work is contributing to a higher unemployment rate among recent college graduates. This trend indicates that remote work, rather than AI, is sidelining new entrants to the job market.
The New York Federal Reserve has found a 'remarkable increase' in food insecurity affecting many Americans, indicating a worsening situation for households.
A New York Fed official, Perli, stated that the central bank's rate control toolkit is capable of navigating periods of lower reserve demand. This reassures markets about the Fed's ability to manage monetary policy effectively.
The New York Federal Reserve has announced that 2.6 million student loan borrowers defaulted in the first quarter of 2026.

According to a new report by the Federal Reserve Bank of New York, Americans collectively owe $1.25 trillion on their credit cards, showing a dip but maintaining a 'K-shaped' pattern.

A New York Fed study indicates that lower-income consumers are being hit harder by surging gas prices, compensating by reducing their purchases.
New York Fed President John Williams has offered a mixed outlook on inflation, noting some positive signs while also warning that ongoing conflicts are already increasing inflationary pressures.
The New York Federal Reserve stated that the paper loss on its bond holdings decreased last year.
The New York Federal Reserve announced that supply chain pressures in March reached their highest level since the beginning of 2023, indicating ongoing challenges in global logistics.
A New York Federal Reserve official has indicated that the central bank's bill buying activities should moderate, while Fed's Miran has laid out a path to further shrink the central bank's balance sheet, signaling potential shifts in monetary policy.
Former New York Fed president Bill Dudley stated that the current state of private credit is not comparable to the severity of the 2008 financial crisis.
New York Fed President John Williams indicated a potential path for interest rate cuts, provided that inflation moderates as anticipated.
The New York Fed reports that the decreasing appeal of government bonds is incurring costs, indicating a shift in investor sentiment.
JPMorgan has filed a motion arguing that Donald Trump's lawsuit against the bank for alleged debanking should be heard in a New York federal court.

ATF agents seized over 36,000 illegal firearms under Trump administration, including 4,359 guns bound for Mexico's violent cartels and criminal gangs.
A Trump adviser, Hassett, has suggested that New York Fed researchers should be punished for their arguments regarding tariffs.