The president of the Federal Reserve Bank of New York is traditionally part of a leadership triumvirate at the Federal Reserve alongside the Chair and the Vice Chair of the Board of Governors of the Federal Reserve System.
November 21, 2025
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temporal
This leadership role reflects the New York Fed president's close involvement in system-wide policy discussions.
The Federal Reserve's long-run inflation target is 2%.
November 20, 2025
high
policy
The Federal Reserve's stated inflation objective used to guide monetary policy.
Lower interest rates can stimulate economic activity and raise prices for investments while increasing the risk of higher inflation.
November 20, 2025
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general
Broad macroeconomic relationship between policy rates, asset prices, and inflation.
Expectations of future interest-rate cuts by the Federal Reserve can contribute to higher equity prices as market participants price in easier monetary policy.
November 20, 2025
high
general
Mechanism by which anticipated monetary easing influences stock market valuations.
The Federal Reserve's official inflation target is 2 percent.
high
policy
Inflation-targeting objective used to guide U.S. monetary policy
The federal funds rate is the interest rate that banks charge each other for short-term overnight loans.
high
definition
Defines the benchmark rate that guides U.S. short-term interbank lending and influences broader monetary policy transmission.
The Federal Open Market Committee (FOMC) is the Federal Reserve panel responsible for setting U.S. monetary policy, including decisions on the target federal funds rate.
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institutional
Identifies the FOMC as the decision-making body for interest-rate policy in the United States.
The Federal Reserve's dual mandate requires monetary policymakers to keep both inflation and unemployment in check.
high
policy
Describes the statutory objectives guiding U.S. monetary policy.
CME FedWatch is a market-based tool that forecasts probabilities of Federal Reserve rate moves based on changes in 30-Day Federal Funds futures prices.
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methodology
Explains the basis of a commonly used market-implied probability tool for Fed rate decisions.
The Federal Reserve is more likely to reduce its benchmark federal funds rate when officials judge that the labor market and broader economic growth are at risk of stalling.
high
policy
Describes a general conditional principle guiding decisions to ease monetary policy.
Investor enthusiasm for artificial intelligence investments can drive share-price gains for companies that have AI-related businesses or products.
high
market_dynamics
Describes how sector-specific investor interest can affect equity valuations.
Concerns that large inflows of capital into a particular sector can create an asset-price bubble tend to increase market volatility and investor uncertainty.
high
market_risk
Explains a general relationship between rapid sectoral investment, bubble concerns, and volatility.
Uncertainty about future central bank interest-rate decisions is associated with increased short-term swings in stock prices and higher market volatility.
high
market_dynamics
Links policy-rate uncertainty to equity-market behavior.
Central bank officials commonly resist cutting a benchmark interest rate when inflation is persistently above the central bank's stated inflation target because lowering rates can be inflationary.
high
monetary_policy
Describes a general policy preference relating inflation levels to rate-cut decisions.