The Minutes of John Williams on gdp https://minutesof.com/john-williams/on/gdp/ Everything John Williams has said on gdp: 10 verbatim quotes, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:23:02 +0000 Williams says first-half GDP growth was about 1.5 percent, well below last year's 2.5 percent pace. https://minutesof.com/q/c99d1bc3-9b79-4e84-9d14-7aaac39bd9ae/ https://minutesof.com/q/c99d1bc3-9b79-4e84-9d14-7aaac39bd9ae/ “Looking through the downs and ups in the data, growth in the first half of the year was about 1-1/2 percent, well below last year’s 2-1/2 percent pace.” — NY Fed speeches gdp Williams says real GDP grew 2 percent in 2025 and expects that pace to continue this year. https://minutesof.com/q/709d08fc-70ef-48c0-a1ab-b333709d73f3/ https://minutesof.com/q/709d08fc-70ef-48c0-a1ab-b333709d73f3/ “Real GDP grew 2 percent in 2025 and is poised to maintain that pace for the rest of this year.” — NY Fed speeches gdp Williams says GDP growth has been around 2 percent for the past year and a half. https://minutesof.com/q/4f141214-206b-4485-80bd-d4e9e2eadbe5/ https://minutesof.com/q/4f141214-206b-4485-80bd-d4e9e2eadbe5/ “For the past year and a half, we’ve seen solid GDP growth, at around 2 percent.” — NY Fed speeches gdp Williams says the balance sheet has fallen from 35 percent of GDP in early 2022 to around 22 percent now. https://minutesof.com/q/df7b0ab6-ace3-489b-83de-d53bbf563e37/ https://minutesof.com/q/df7b0ab6-ace3-489b-83de-d53bbf563e37/ “Our balance sheet has fallen from the equivalent of around 35 percent of GDP, in early 2022, to around 22 percent of GDP now.” — NY Fed speeches gdp Williams says SOMA portfolio is now $6.4 trillion or 20 percent of GDP, down from pandemic peak of $8.5 trilli https://minutesof.com/q/c6e637f2-dccf-485c-98b0-3c81992b4257/ https://minutesof.com/q/c6e637f2-dccf-485c-98b0-3c81992b4257/ “Assets are now slowly growing in dollar terms, via RMPs, to maintain ample reserves and accommodate growth in the demand for Federal Reserve liabilities.” — NY Fed speeches gdp Williams expects real GDP growth to slow considerably to just over 1 percent this year. https://minutesof.com/q/c9e6ca7e-839e-4893-a88a-169901e07ad9/ https://minutesof.com/q/c9e6ca7e-839e-4893-a88a-169901e07ad9/ “I expect real GDP growth this year will slow considerably from last year’s pace, to just over 1 percent.” — NY Fed speeches gdp Williams forecasts GDP growth of 2 to 2.25 percent and unemployment of 4.25 to 4.5 percent. https://minutesof.com/q/e4905a54-6578-40f6-9b0d-8051a99a58ee/ https://minutesof.com/q/e4905a54-6578-40f6-9b0d-8051a99a58ee/ “Consequently, with growth around its trend pace, I expect the unemployment rate will remain in its recent range of 4-1/4 to 4-1/2 percent.” — NY Fed speeches gdp Williams expects real GDP growth of about 1 percent in 2025. https://minutesof.com/q/59635bdb-6a77-471d-bb42-d107064b762f/ https://minutesof.com/q/59635bdb-6a77-471d-bb42-d107064b762f/ “As a result, I expect real GDP growth this year to be about 1 percent.” — NY Fed speeches gdp Looking ahead, I expect real GDP growth to be around 2 to 2-1/4 percent this year and over the next two years. https://minutesof.com/q/2cbf8d64-8bdf-4bdc-be2d-9955d918e6e2/ https://minutesof.com/q/2cbf8d64-8bdf-4bdc-be2d-9955d918e6e2/ “Looking ahead, I expect real GDP growth to be around 2 to 2-1/4 percent this year and over the next two years.” — NY Fed speeches gdp Williams forecasts GDP growth of 2 to 2.25 percent with unemployment declining to 4 percent by 2028. https://minutesof.com/q/f9750852-defc-432d-82a6-9427464672e3/ https://minutesof.com/q/f9750852-defc-432d-82a6-9427464672e3/ “With growth running modestly above my estimate of its potential rate of 2 percent, I expect the unemployment rate to edge down very gradually to 4 percent in 2028.” — NY Fed speeches gdp