Dr. John C. Williams, President and Chief Executive Officer, Federal Reserve Bank of New York delivered the 4th Suresh Tendulkar Memorial Lecture

Good afternoon. It’s an honor to speak at this lecture series for Professor Suresh Tendulkar, and I’m pleased to join my colleagues from the Reserve Bank of India. Our global economy is interconnected, and learning from international experts is crucial for addressing both unique and common challenges. Today, I will discuss key principles of inflation targeting—responsibility, transparency, and well-anchored inflation expectations—that have guided U.S. monetary policy through uncertainty since the COVID-19 pandemic. These principles remain vital as we face future economic challenges.