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Reiterates monetary policy ‘well positioned’ for current economy
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Expects inflation to moderate to 3.5% this year
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If Middle East war disruptions resolved soon, will lower inflation pressure
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Williams expects inflation pressures to moderate
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Thus far U.S. resilient against war economic impact
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‘Imperative’ Fed get inflation back to 2% target
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Sees U.S. growing at 2.25%, unemployment down to 4% in 2028
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Standing repo operations key tool to cap interest rate pressure
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Fed will adjust reserve management buying as needed
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Middle East war continues to contribute risks and uncertainties
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Job market has proved to be resilient
Williams has been more of a dove lately and isn’t really sounding the alarm on inflation here. The ‘imperative’ part is notable though and suggests he’s not going to support any rate cuts until he’s highly confident on 2% inflation.
This article was written by Adam Button at investinglive.com.
