Thank you to the Staten Island Economic Development Corporation for hosting today’s event. My last regional visit to Staten Island was a virtual one during the pandemic. Even then, I rode the ferry to simulate the true Staten Island experience before heading into a full day of online discussions about economic conditions in the borough. So, it was a thrill to ride the boat over this morning before visiting local businesses and meeting with leaders in person. The ferry is so iconic that it is immortalized by a Bob Dylan lyric. But traffic patterns on the island can be a unique experience, too. Let’s chalk that up to a ... (full story)

Federal Reserve Bank of New York President John Williams said monetary policy remains appropriately positioned to navigate what he described as an “unusual set of circumstances,” as geopolitical tensions and trade policy shifts complicate the inflation outlook. Echoing Powell from earlier on Monday. Speaking in prepared remarks, Williams highlighted that the ongoing Middle East conflict and tariff measures are likely to push headline inflation higher in the near term, primarily through elevated energy prices and rising input costs. He warned that the war could act as a classic supply shock, simultaneously lifting ... (full story)