NPR: Why inflation is losing its punch — and why things could get even better
Economist Lael Brainard says some companies added to their profit margins during the last two years of strong inflation — a trend that could soon be reversed.

Brainard served as Vice Chair of the Federal Reserve board before moving to the White House in February to direct the National Economic Council. She points to what she calls a "price-price" spiral, when companies see their costs go up, then raise their own prices even more.

"It will be important for corporations to continue to bring their markups down after having raised them to unusually elevated levels over the past two years," Brainard told the Economic Club of New York Wednesday.

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The Washington Post: Inflation drops to lowest levels since March 2021 as economy cools

The Biden administration, which has faced an uphill battle convincing Americans that it has a handle on inflation, cheered the news. In recent weeks, the president has touted his “Bidenomics” plan as a way to rebuild the economy for the middle class. In a statement Wednesday, Biden said the new report showed “Bidenomics in action.”

The figures offer “new and encouraging evidence that the U.S. economy is on the path to moderate inflation accompanied by a resilient jobs market,” Lael Brainard, director of the National Economic Council, told the Economic Club of New York.

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MarketWatch: U.S. recovery 'solid,' says White House's Brainard, as inflation slows

The U.S. economy is in a “solid” recovery, top White House economist Lael Brainard said Wednesday, hours after new data showed inflation continuing to cool.

Speaking at an Economic Club of New York event, National Economic Council Director Brainard said there’s “encouraging evidence that the economy is on the path to moderate inflation accompanied by resilient jobs market.”

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ECNY: Signature Luncheon

As the 14th Director of the National Economic Council, Director Lael Brainard will address the Club to discuss strategies and policies aimed at fostering resilient and inclusive economic growth.

ECNY: Video Webinar

Join us as we welcome esteemed economist Mark Zandi for a discussion on a wide range of economic issues, including his unique perspective on market trends and political implications.

CFO Dive: Bridgewater’s Karniol-Tambour calls for more quantitative tightening

he government should tackle persistent inflation through additional quantitative tightening, according to Karen Karniol-Tambour, co-chief investment officer of hedge fund Bridgewater Associates.

“We need another round of tightening in order to slow growth more … to get the inflation outcomes that are acceptable,” Karniol-Tambour said at a virtual event hosted by the Economic Club of New York on Monday.

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ECNY: Video Webinar

Join us and Karen Karniol-Tambour for a discussion on the economics of sustainable and social responsible investing.

BLOOMBERG:  Apollo (APO) CEO Marc Rowan Sees 'Non-Recession Recession' as Rate Hikes Bite

Fixed income and equities markets have already adjusted, Rowan said Tuesday at an event hosted by the Economic Club of New York. Other areas, including real assets, have yet to fully price in the effects of rising interest rates.

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ECNY: Signature Luncheon

Join us for a discussion on the transformative role of private markets in today's economy with Marc Rowan and Andrew Ross Sorkin.

ECNY: Video Webinar

Author Series

Join us as Sally Susman and Reshma Saujani explore the impacts of effective communication and motivation on humanity and workplace dynamics in the wake of a global pandemic.

The Washington Post: 
Henry Kissinger is turning 100. A long-running meme wishes otherwise.


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The National News: Henry Kissinger at 100: Polarising US diplomat's legacy in spotlight
As Henry Kissinger – America's most polarising diplomat – turns 100, scholars and historians are again reviewing the legacy of a man who is both reviled and revered.

Born in the Bavarian city of Fuerth on May 27, 1923, Mr Kissinger this week showed that his interest in foreign policy has never waned, when he weighed in on the war in Ukraine and other geopolitical issues.

“The time has come to begin talks about a ceasefire, preferably after the [Ukrainian] offensive that is now planned,” he told the Economic Club of New York, which held a lavish event in his honour.

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ECNY: Signature Luncheon

Join us as we celebrate Dr. Henry Kissinger. In honor of his 100th birthday, we will take a walk back trough his astonishing career and hear directly from him on what's to come.

ECNY: Video Webinar

Larry Tribe will share his timely perspective on the constitutionality of the debt ceiling, the situation between Disney & Gov. DeSantis in Florida, and more from his distinguished law career.

ECNY: Video Webinar

Abassador Oksana Markarova will talk about the implications of the Russia-Ukraine war.

BARRON'S: Top US Fed Official Does Not Rule Out Further Rate Hike

The comments by New York Fed President John Williams came a week after policymakers unveiled a tenth and possibly final rate increase in the current cycle, adding that they would consider the impact of existing hikes before determining further moves.

But on Tuesday, Williams told the Economic Club of New York: "We haven't said we're done raising rates."

He acknowledged "incredible progress over the past year or so" in lifting rates to bring inflation down, but added: "I think what we're going to need to do as we always do is be data dependent."


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CNBC: Fed’s John Williams says rates could be increased if inflation doesn’t come down

NEW YORK — New York Federal Reserve President John Williams on Tuesday cautioned that interest rate increases will take a while to work their way through the economy before inflation returns to an acceptable level.

The central bank official gave no forecast for where he sees policy headed but said he doesn’t expect inflation to return to the Fed’s 2% goal until the next two years. Should inflation not come down, he said the Fed always has the option to raise rates.

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NEW YORK POST: New York Fed President John Williams leaves door open to rate hike pause

In his formal remarks on Tuesday, Williams said “I am confident we are on the path to restoring price stability,” adding, “As always, I’ll be monitoring the totality of the data and what it implies for the achievement of our goals.

He said price pressures remain “too high,” and added that the Fed remains committed to bringing inflation back to the central bank’s 2% target. He also said, “Although we have seen some signs of a gradual cooling in the demand for labor — as well as for some goods and commodities — overall demand continues to exceed supply.”
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BLOOMBERG: Williams Says Fed Is Data Dependent, Leaves Door Open to Pause

Federal Reserve Bank of New York President John Williams said he is monitoring how strains in the banking sector affect the US economy and left the door open to leaving interest rates on hold next month.

“I will be particularly focused on assessing the evolution of credit conditions and their effects on the outlook for growth, employment, and inflation,” Williams said Tuesday at an event with the Economic Club of New York. “We’re going to get a lot of data between now and our June meeting.”

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ECNY: Signature Luncheon

As president and CEO of the Federal Reserve Bank of New York, John Williams serves as the Vice Chair and a permanent member of the Federal Open Market Committee. He will address the Club on the U.S. economic outlook and monetary policy.