Fed's Miran: Fed policy is too restrictive

MIRAN: SHOULD NOT TAKE INFLATION DATA AS FACE VALUE Fed's Miran: Elevated inflation is due mainly to the measurement process. Fed's Miran: I am in favour of using the Fed's balance sheet more judiciously than it has in the past. MIRAN: QE MAYBE WAS 'OVER-USED' IN PAST

Fed’s Williams: 'Will Not Be Long' Before Reserves At 'Ample’ Level - Repeats Fed Close To Desired Level For Bank Reserves Williams: Remarks at the 2025 U.S. Treasury Market Conference, Federal Reserve Bank of New York, New York City On behalf of the New York Fed, let me welcome you all to this year’s U.S. Treasury Market Conference. Many thanks to the distinguished speakers and panelists for joining us here, and to the event organizers for putting together today’s outstanding agenda. I’m looking forward to a valuable and productive conversation. This gathering is a recurring calendar item every fall. But the topics that we discuss each year do not stand alone. Think of it as leveling up in a video game—which is one of my favorite pastimes by the way, or dare I say, “present times”. At each conference, we advance our understanding of the Treasury market to the next level. And in the genre of gaming, this game is multiplayer. It’s remarkable to think about what we’ve accomplished in this decade-long enterprise of interagency collaboration. This work continues to be imperative, so we must keep playing. I mean that in the working sense, of course. Before I keep going, I must give the standard Fed disclaimer that the views I express today are mine alone and do not necessarily reflect those of the Federal Open Market Committee (FOMC) or others in the Federal Reserve System.

FED GOV WALLER'S EXTEMPORANEOUS REMARKS LIMITED TO PAYMENTS SYSTEM, NOT MONPOL OR CURRENT ECONOMY #Waller #payments #fintech #economy FED'S WALLER: GOAL FOR NEW PAYMENT ACCOUNT IS TO BE OPERATIONAL BY Q4 2026