The Minutes of John Williams on accountability https://minutesof.com/john-williams/on/accountability/ Everything John Williams has said on accountability: 2 verbatim quotes, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:23:03 +0000 Williams states central banks must own responsibility for price stability with independence and capability to https://minutesof.com/q/c05d2023-b194-448b-90dd-0af99a846481/ https://minutesof.com/q/c05d2023-b194-448b-90dd-0af99a846481/ “Central banks must own the responsibility to deliver price stability and have the independence of action and the ability to achieve it.” — NY Fed speeches accountability Williams describes how diffused accountability means no single person makes a bad decision, yet the system fai https://minutesof.com/q/fa844534-f011-4424-8902-b882c3ccf79e/ https://minutesof.com/q/fa844534-f011-4424-8902-b882c3ccf79e/ “Later, when the risk materializes, we conduct a review and find that no single person made a bad decision. Instead, the system as a whole failed to “see” the risk clearly.” — NY Fed speeches accountability