2025 Speeches
Four Guides for the Journey Ahead
Governor Lisa D. Cook
At the James Madison College 2025 Spring Commencement, Michigan State University, East Lansing, Michigan
Governor Christopher J. Waller
At a Fed Listens Event hosted by the Federal Reserve Bank of St. Louis, St. Louis, Missouri
Transmission of Monetary Policy
Governor Adriana D. Kugler
At the Heller-Hurwicz Economics Institute, University of Minnesota, Minneapolis, Minnesota
Economic Mobility and the Dual Mandate
Vice Chair Philip N. Jefferson
At the Economic Mobility Summit, hosted by the Federal Reserve Bank of Philadelphia, Philadelphia, Pennsylvania
Deepfakes and the AI Arms Race in Bank Cybersecurity
Governor Michael S. Barr
At the Federal Reserve Bank of New York, New York, New York
Chair Jerome H. Powell
At the Economic Club of Chicago, Chicago, Illinois
2025 Distinguished Alumna Award Acceptance Remarks
Governor Lisa D. Cook
At the Cal Alumni Club of Washington, D.C. Annual Reception, Washington, D.C.
Governor Christopher J. Waller
At the Certified Financial Analysts Society of St. Louis, St. Louis, Missouri
Inflation Dynamics and the Phillips Curve
Governor Adriana D. Kugler
At Ec10b Principles of Economics Lecture, Department of Economics, Faculty of Arts and Sciences, Harvard University, Cambridge, Massachusetts
Governor Michael S. Barr
At the Federal Reserve Bank of San Francisco, San Francisco, California
Chair Jerome H. Powell
At the Society for Advancing Business Editing and Writing Annual Conference, Arlington, Virginia
The Economic Outlook and Path of Policy
Governor Lisa D. Cook
At the 2025 McKay Lecture, University of Pittsburgh, Pittsburgh, Pennsylvania
U.S. Economic Outlook and Central Bank Communications
Vice Chair Philip N. Jefferson
At “Financial Intermediaries, Markets, and Monetary Policy,” a conference sponsored by the Federal Reserve Bank of Atlanta and the University of Virginia Darden School of Business, Atlanta, Georgia
Inflation Expectations and Monetary Policymaking
Governor Adriana D. Kugler
At “Public Talk: Reflections on Recent Economic Developments,” cosponsored by the Griswold Center for Economic Policy Studies and the Julis-Rabinowitz Center for Public Policy and Finance, Princeton University, Princeton, New Jersey
Latinos, Entrepreneurs, and the U.S. Economy
Governor Adriana D. Kugler
At the 2025 U.S. Hispanic Chamber of Commerce Legislative Summit, Washington, D.C.
Helping Small Businesses Reach Their Potential
Governor Michael S. Barr
At The Aspen Institute, Washington, D.C.
Statement by Governor Christopher J. Waller
Governor Christopher J. Waller
Chair Jerome H. Powell
At the University of Chicago Booth School of Business 2025 U.S. Monetary Policy Forum, New York, New York
The Rebalancing of Labor Markets across the World
Governor Adriana D. Kugler
At the Conference on Monetary Policy Transmission and the Labor Market, Banco de Portugal, Lisbon, Portugal
Remarks on "Monetary Policy Transmission to Real Activity" and the Recent Experience
Governor Michelle W. Bowman
At the 2025 U.S. Monetary Policy Forum, New York, New York
Governor Michelle W. Bowman
At The Robbins Banking Institute Lecture Series, Hays, Kansas
Promoting Responsible Innovation through the Novel Activities Program
Vice Chair for Supervision Michael S. Barr
At Alliance for Innovative Regulation, Washington, D.C.
Vice Chair for Supervision Michael S. Barr
At Yale School of Management, Program on Financial Stability, New Haven, Connecticut
Reading between the Lines? Textual Analysis of Central Bank Communications
Vice Chair Philip N. Jefferson
At the Macroeconomics and Monetary Policy Conference, Federal Reserve Bank of San Francisco, San Francisco, California
Navigating Inflation Waves: A Phillips Curve Perspective
Governor Adriana D. Kugler
At the Whittington Lecture, McCourt School of Public Policy, Georgetown University, Washington, D.C.
Risks and Challenges for Bank Regulation and Supervision
Vice Chair for Supervision Michael S. Barr
At Georgetown University Law Center, Washington, D.C.
How Healthy are U.S. Households’ Balance Sheets?
Vice Chair Philip N. Jefferson
At the Martin H. Crego Lecture in Economics, Vassar College, Poughkeepsie, New York
Artificial Intelligence: Hypothetical Scenarios for the Future
Vice Chair for Supervision Michael S. Barr
At the Council on Foreign Relations, New York, New York
Disinflation Progress Uneven but Still on Track Rates Cuts on Track as Well
Governor Christopher J. Waller
At the University of New South Wales Macroeconomic Workshop, Sydney, New South Wales, Australia
Brief Remarks on the Economy and Accountability in Supervision, Applications, and Regulation
Governor Michelle W. Bowman
At The American Bankers Association 2025 Conference for Community Bankers, Phoenix, Arizona
Reflections on a Maturing Stablecoin Market
Governor Christopher J. Waller
At A Very Stable Conference, San Francisco, California
Bank Regulation in 2025 and Beyond
Governor Michelle W. Bowman
At the 2025 Iowa Bankers Association Bank Management and Policy Conference, Des Moines, Iowa (virtual)
Governor Bowman presented identical remarks to the Kansas Bankers Association Government Relations Conference, Topeka, Kansas, on February 5, 2025.
Entrepreneurship and Aggregate Productivity
Governor Adriana D. Kugler
At 2025 Miami Economic Forum, Economic Club of Miami, Miami, Florida
Bank Regulation in 2025 and Beyond
Governor Michelle W. Bowman
At the 2025 Wisconsin Bankers Association Bank Executives Conference, Milwaukee, Wisconsin
Governor Bowman presented identical remarks to the Kansas Bankers Association Government Relations Conference, Topeka, Kansas, on February 5, 2025.
Vice Chair Philip N. Jefferson
At Swarthmore College, Swarthmore, Pennsylvania
Bank Regulation in 2025 and Beyond
Governor Michelle W. Bowman
At the Kansas Bankers Association Government Relations Conference, Topeka, Kansas
Governor Bowman presented identical remarks at the 2025 Wisconsin Bankers Association Bank Executives Conference, Milwaukee, Wisconsin, on February 7, 2025, and at the 2025 Iowa Bankers Association Bank Management and Policy Conference, Des Moines, Iowa (virtual), on February 11, 2025.
U.S. Economic Outlook and Monetary Policy
Vice Chair Philip N. Jefferson
At the Economics Department Special Lecture, Lafayette College, Easton, Pennsylvania
Brief Remarks on the Economy, and Perspective on Mutual and Community Banks
Governor Michelle W. Bowman
At The New England CEO Summit, Portsmouth, New Hampshire
Reflections on 2024: Monetary Policy, Economic Performance, and Lessons for Banking Regulation
Governor Michelle W. Bowman
At the California Bankers Association 2025 Bank Presidents Seminar, Laguna Beach, California
Challenges Facing Central Bankers
Governor Christopher J. Waller
At Lectures of the Governor, Organization for Economic Cooperation and Development, Paris, France
An Assessment of the Economy and Financial Stability
Governor Lisa D. Cook
At the Seventh Conference on Law and Macroeconomics, University of Michigan Law School, Ann Arbor, Michigan