Fed's Williams says US economy remains resilient, appropriate time to gather more information
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US economy remarkably resilient Growth has strengthened US facing unusual supply and demand shocks Remarkably stable and solid labour market We've seen tariffs effect work way through, mostly behind us Energy passing through to inflation as expected Inflation expectations well an
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4 itemsFed's Williams sees steady trend-like growth for the US economy
Fed's Williams: There's a lot of uncertainty in the economy right now
The desk interprets NY Fed President John Williams' recent comments as highlighting significant economic uncertainty, particularly for lower-income households, while acknowledging the economy's resilience. Per the full note [source], Williams emphasized that interest rates are not historically high and that the economy performed better than expected last year. This perspective aligns with our view that the Fed may maintain a cautious approach to interest rate adjustments, particularly as it navigates the complexities of a K-shaped recovery. With consensus targets ranging from 1.04 to 1.10 for the EUR/USD, the market is positioned for potential volatility as traders assess the implications of Williams' remarks.