Fed President highlights growth, inflation, and job trends in Buffalo

The President of the Federal Reserve Bank of New York returned to the University at Buffalo to discuss economic trends and monetary policy with students and community leaders.

He highlighted that real GDP has been growing at about 2 percent over the past year, with productivity growth above pre‑pandemic levels and a surge in business investment driven by AI buildout.

The speech also covered employment and inflation: the labor market remains solid, unemployment has edged down, and inflation sits at 3.7 percent, with drivers including tariffs, supply‑chain disruptions, and AI demand.

Read the full story at newyorkfed.org.