Fed's Williams: I'm not that worried about persistent impacts on inflation so far
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Inflation should be elevated through remainder of year Policy is in exactly the right place, there is no need to raise or lower rates I'm not that worried about persistent impacts on inflation so far Higher energy prices are driving up costs and inflation Economy should growth ar
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4 itemsFed Williams sitting on the fence on inflation, but says persistent above target
Lead — The desk interprets John Williams' recent remarks as a signal of cautious optimism regarding inflation, with longer-term expectations remaining stable despite near-term pressures. Per the full note [source], Williams emphasized that the labour market is not currently a source of inflationary pressure, which supports the Fed's current stance of watchful patience. This aligns with our consensus target of 1.075 for the USD/EUR pair, as traders await clearer signals from the Fed. The upcoming economic data releases may provide further clarity on inflation trends.
More from Fed's Williams, sees no case for rate move as policy sits in good place
Lead — The desk interprets Fed President John Williams' recent remarks as a clear signal that the Federal Reserve is adopting a wait-and-see approach regarding interest rates. Per the full note [source], Williams emphasized that current monetary policy is mildly restrictive, with no immediate need for adjustments, reflecting a balanced view on inflation and economic conditions. This cautious stance aligns with our consensus target for the USD, which remains stable amid mixed market signals. As traders navigate this landscape, the upcoming economic indicators will be crucial in shaping expectations.