As the presidential race heats up, President Biden and Donald Trump are competing for an important constituency: corporate chieftains.

Both camps will make their cases with the C.E.O.s of top U.S. companies today: Trump and Jeff Zients, the White House chief of staff, will each speak in Washington to the Business Roundtable, one of the most influential corporate advocacy groups. Attendees are set to include Jamie Dimon of JPMorgan Chase, Brian Moynihan of Bank of America and Jane Fraser of Citigroup.

Meanwhile, Treasury Secretary Janet Yellen is addressing the Economic Club of New York. (Biden is in Italy for the Group of 7 summit meeting.)

READ MORE: Why Investors Don't Believe the Fed

Treasury Secretary Janet Yellen will defend President Biden's approach at the Economic Club of New York, where she'll argue that tax cuts for the wealthy and deregulation for big business aren't the best ways to grow the economy.

READ MORE: Biden, Trump to make dueling pitches to big business

“There’s no compelling warrant for easing monetary policy, and markets should be getting used to rates in current ranges for the foreseeable future,” Summers said during a webcast hosted by the Economic Club of New York.

READ MORE: Forecasts for Fed rate cuts probably too optimistic, Summers says

“Markets should be getting used to rates in current ranges for the foreseeable future and probably long rates above current levels,” he said Tuesday in an Economic Club of New York webinar conducted with former White House chief economist Glenn Hubbard. The yield on the 10-year Treasury note is currently around 4.3%.

READ MORE: Summers Sees Higher US Long-Term Treasury Yields Over Time

"I do think inflation at the moment is stuck well above the Fed's 2% target. We're not at a good level," said Glenn Hubbard, a top economic adviser to President George W. Bush.

Larry Summers, a top economic adviser to President Barack Obama, agreed about the troublesome inflation picture.

"I don't think we're on a convincing trajectory to the 2% inflation target," Summers said.

The two economists spoke together on a webcast hosted by the Economic Club of New York.


READ MORE: Inflation isn’t likely to come down to Fed’s 2% target, two prominent economists say

'I think the Trump economic agenda is likely to be very substantially inflationary.'Larry Summers

The comment above came Tuesday from prominent Democratic economist Larry Summers as he spoke at an Economic Club of New York event with Republican economist Glenn Hubbard.


READ MORE: Trump's policies in a second term would be 'substantially inflationary,' Larry Summers says

In his last public remarks before the quiet period, New York Federal Reserve Bank President John Williams on Thursday said he felt the current policy level was “restrictive enough” to get inflation down to 2 per cent and that officials had to consider future risks and uncertainties.

“Not only in the US but, quite honestly, the other advanced economies. They have seen the disinflation happen with relatively small, low degrees of economic disruption,” he said at the Economic Club of New York.

READ MORE: US inflation shows little progress as next Fed decision looms

"I see some of the recent inflation readings as representing mostly a reversal of the unusually low readings of the second half of last year, rather than a break in the overall downward direction of inflation," Williams said in a speech at the Economic Club of New York.

READ MORE: Fed's favored inflation gauge slows in April while price increases remain sticky

Earlier on Thursday, New York Fed President John Williams told the Economic Club of New York he feels there is "ample evidence" that monetary policy is restrictive and helping to bring inflation down to the Fed's 2% target.

"At some point" the Fed will get to a place where it can cut rates, but the timing is unclear, Williams said. "I don't feel any urgency" to lower rates with the economy performing as well as it has, he noted.


READ MORE: Fed officials see inflation falling, signal no rush to cut rates

“We want to be able to move before inflation is all the way to 2%,” Williams said in response to a question after a speech at the Economic Club of New York. Asked when price pressures will likely fall to the Fed’s objective, he said, “my forecast would be in 20 — probably early 2026.”

READ MORE: NY Fed President Williams forecasts hitting 2% inflation goal in 2026

I’m honored to be here today among so many Economic Club of New York members, fellows, students, and staff. The Club has the privilege of hosting incredible speakers, but it’s our members who truly create the robust, dynamic environment for our discussions. Thank you for being part of this wonderful organization.


READ MORE: Finding Balance in the Economy, Remarks at the Economic Club of New York

“The behavior of the economy over the past year provides ample evidence that monetary policy is restrictive in a way that helps us achieve our goals,” Williams said on Thursday in an address to the Economic Club of New York. “We are seeing clear and consistent signs that the imbalances between supply and demand in the economy are receding…The risks to achieving our maximum employment and price stability goals have moved toward better balance over the past year.”

READ MORE: New York Fed’s Williams Sees 2% Inflation in 2025, Soft Landing Ahead

Higher interest rates are working to bring down inflation in the U.S. and around the world, New York Federal Reserve President John Williams said Thursday, but it still may not be enough for the Federal Reserve to cut rates.

At an event held by the Economic Club of New York, Williams said price pressures inflamed by the pandemic, the war in Ukraine, and global supply chain issues were easing helped lower by higher interest rates.


READ MORE: US Economy News Today: Housing Market Outlook Dims As Pending Sales Fell in April

At the Economic Club of New York, Federal Reserve Bank of New York President John Williams said he expects inflation to continue falling in the second half of this year, adding that elevated borrowing costs are restraining the economy.

Williams said that while inflation is still too high, Fed policy is well positioned and the imbalances between supply and demand are easing.


READ MORE: High Interest Rates Are Working, Fed's Williams Says

New York Fed President John Williams expects overall PCE inflation to moderate to ~2.5% this year before moving closer to 2% next year, he said on Thursday.

He gave no indication when he would support an interest rate cut in the prepared text for his speech at the Economic Club of New York. A moderated Q&A followed his prepared remarks.

READ MORE: New York Fed's Williams sees inflation moderating to 2.5% this year

The Federal Reserve has interest rates where they need to be to bring inflation down, New York Fed President John Williams said Thursday.

In a major speech at the Economic Club of New York, Williams said he expects inflation to “resume moderating in the second half of this year.”

READ MORE: Fed’s Williams expects inflation to cool in the second half of the year

“The honest answer is, I just don’t know,” Williams said during a Q-and-A session with CNBC’s Sara Eisen before the Economic Club of New York. “I do think that monetary policy is restrictive and is bringing the economy a better balance. So I think at some point, interest rates within the US will, based on data analysis, eventually need to come down. But the timing will be driven by how well you achieve your goals.”


READ MORE: Fed’s Williams says inflation is too high but will start coming down soon

“We want to be able to move before inflation is all the way to 2%,” Williams said in response to a question after a speech at the Economic Club of New York. Asked when price pressures will likely fall to the Fed’s objective, he said, “my forecast would be in 20 — probably early 2026.”

READ MORE: NY Fed President Williams forecasts hitting 2% inflation goal in 2026

At 12:05 pm ET, New York Federal Reserve President John Williams is scheduled to speak before a hybrid Signature Luncheon event hosted by the Economic Club of New York.

READ MORE: Dow Likely To See Further Downside Amid Steep Drop By Salesforce

In other words, a new 'Black Swan' may be developing.” JPMorgan CEO Jamie Dimon Speaks At Economic Club Of New York.

READ MORE: Throwing in the Towel on Rate Cuts Everywhere