The Minutes of John Williams on market size https://minutesof.com/john-williams/on/market-size/ Everything John Williams has said on market size: 2 verbatim quotes, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:23:04 +0000 Williams states the FX market has over $9 trillion in daily turnover, making it the largest financial market. https://minutesof.com/q/34fd74e8-8b02-4ae5-8b53-faaba8563462/ https://minutesof.com/q/34fd74e8-8b02-4ae5-8b53-faaba8563462/ “With over $9 trillion in daily turnover, the FX market is the largest financial market by trading volume.” — NY Fed speeches market size Williams states Treasury repo market has over $8 trillion in daily average transaction volume. https://minutesof.com/q/b2275b5d-1e42-476a-affc-4c6c197dbaa1/ https://minutesof.com/q/b2275b5d-1e42-476a-affc-4c6c197dbaa1/ “Given the size of the Treasury repo market—with over $8 trillion in daily average transaction volume—and its interconnectedness with other segments of financial markets, sound risk management is critical.” — NY Fed speeches market size