Exclusive-Fed’s Williams expects inflation to ease, says Fed will act if it doesn’t
NEW YORK, Aug 3 (Reuters) - Federal Reserve Bank of New York President John Williams said he remained optimistic that inflation pressures are on track to ease gradually, but if they don’t the U.S. central bank will not hesitate to respond with rate hikes to ensure price pressures return to target.
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NEW YORK, Aug 3 (Reuters) - Federal Reserve Bank of New York President John Williams said he remained optimistic that inflation pressures are on track to ease gradually, but if they don’t the U.S. central bank will not hesitate to respond with rate hikes to ensure price pressures return to target. If energy prices and trade tariffs have peaked and the economy remains on a solid footing, “I think that some of the big drivers that pushed up inflation” over the last year and half or so “will not be at play as much, and then some of the disinflationary forces that we’ve been seeing” should reassert themselves, Williams said in an interview with Reuters on Friday. Williams said "I am quite honestly focused quite a bit on, what are we seeing in the core inflation data over the next several months, and is that consistent with a kind of a run rate of inflation moving towards 2% and really on a disinflationary path consistent with us achieving our 2% inflation goal on a sustained basis by 2028." He added, "my forecast personally is for inflation to come down in the second half of this year and come down further next year." Williams reiterated the current stance of interest rate policy is “well positioned” to bring inflation back to target.
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- NEW YORK, Aug 3 (Reuters) - Federal Reserve Bank of New York President John Williams said he remained optimistic that inflation pressures are on track to ease gradually, but if they don’t the U.S. central bank will not hesitate to respond with rate hikes to ensure price pressures return to target.
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Exclusive-Fed’s Williams expects inflation to ease, says Fed will act if it doesn’t
Sources1TypeCoverageInvesting.com · Economy