https://minutesof.com/john-williams/on/reserve-demand/ Everything John Williams has said on reserve demand: 3 verbatim quotes, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:23:02 +0000 https://minutesof.com/q/f0d2d6fd-0b67-4601-9bda-33827f15707e/ https://minutesof.com/q/f0d2d6fd-0b67-4601-9bda-33827f15707e/ “A deep and liquid intraday market might enhance collateral management and reduce some frictions in managing intraday liquidity, which could reduce banks’ demand for reserves for payment purposes.” — NY Fed speeches reserve demand https://minutesof.com/q/036aebbb-a1d3-40a2-b409-e4af0040318c/ https://minutesof.com/q/036aebbb-a1d3-40a2-b409-e4af0040318c/ “Respondents widely noted that movement toward instant 24/7 payments could increase their demand for reserves, and some also indicated that greater adoption of payment stablecoins could have similar implications.” — NY Fed speeches reserve demand https://minutesof.com/q/3700bf5e-1e38-4fd8-a7cc-6c7840474bfd/ https://minutesof.com/q/3700bf5e-1e38-4fd8-a7cc-6c7840474bfd/ “This implies that banks would have to see large increases in overnight rates to be willing to shed modest amounts of reserves—or, conversely, that a modest decline in reserves could induce a substantial increase in overnight rates.” — NY Fed speeches reserve demand