Fed's Williams pushes back hitting 2% inflation target to 2028 from 2027
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Reiterates monetary policy 'well positioned' for current economy Expects inflation to moderate to 3.5% this year If Middle East war disruptions resolved soon, will lower inflation pressure Williams expects inflation pressures to moderate Thus far U.S. resilient against war econom
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4 itemsICYMI: NY Fed Williams delays 2% inflation target to 2028, sees policy well positioned
Fed's Williams: Trims his GDP forecast and boosts inflation view
The desk interprets New York Fed President John Williams' recent comments as a signal of increased caution regarding U.S. economic growth and inflation dynamics. Per the full note [source], Williams has trimmed his GDP forecast while raising his inflation outlook, reflecting heightened uncertainty in the economic landscape. This nuanced shift suggests a more dovish stance on growth while acknowledging inflationary pressures, particularly from supply chain disruptions and energy costs. As such, traders should remain vigilant about potential market volatility stemming from these evolving economic indicators.