Colby Smith
@colbylsmith.bsky.social
@nytimes correspondent writing about the Federal Reserve and the US economy. Previously @FT, @TheEconomist, @BloombergTV. colby.smith@nytimes.com
Gift link here: www.nytimes.com/2025/11/07/b...
The Fed’s Recent Rate Decisions Have Been Divisive. It Is Likely to Get Worse.
www.nytimes.com
November 7, 2025 at 2:38 PM
Gift link here: www.nytimes.com/2025/11/07/b...
He plans to stay in his role until mandated to retire in 2028
October 9, 2025 at 12:31 PM
He plans to stay in his role until mandated to retire in 2028
Actually reaching 2% inflation is important for the Fed's independence and credibility, he said. Amid attacks from the president, Williams said he was just focused on doing his job. "We're not political creatures."
October 9, 2025 at 12:31 PM
Actually reaching 2% inflation is important for the Fed's independence and credibility, he said. Amid attacks from the president, Williams said he was just focused on doing his job. "We're not political creatures."
Asked about the 2% target given that inflation has run above that level for 5 yrs and is moving away from it given tariffs, Williams said: "We’re not losing track of that." He just wants to make sure they are trying to "minimize the risk of the labor market cooling more sharply"
October 9, 2025 at 12:31 PM
Asked about the 2% target given that inflation has run above that level for 5 yrs and is moving away from it given tariffs, Williams said: "We’re not losing track of that." He just wants to make sure they are trying to "minimize the risk of the labor market cooling more sharply"
Rates are still "modestly restrictive" and he sees the Fed on a "journey back to neutral." He sees no second round effects from tariffs and more downside risk to the labor market than upside risk to inflation
October 9, 2025 at 12:31 PM
Rates are still "modestly restrictive" and he sees the Fed on a "journey back to neutral." He sees no second round effects from tariffs and more downside risk to the labor market than upside risk to inflation