Fed's Williams pushes back hitting 2% inflation target to 2028 from 2027
From the original
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
Related speeches
4 itemsICYMI: NY Fed Williams delays 2% inflation target to 2028, sees policy well positioned
Fed's Williams remains optimistic inflation pressures will gradually ease; Fed 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.
More like this
5 itemsECB president Lagarde talks of 'unwarranted' market moves, but who gets to decide what is warranted?
PBOC sets USD/ CNY reference rate for today at 6.7330 (vs. estimate at 6.6973)
PBOC is expected to set the USD/CNY reference rate at 6.7973 – Reuters estimate
Fed's Musalem says more monetary policy firming will be required