More Williams: monetary policy is clearly working how Fed wants it to work | Forexlive
- Monetary policy is clearly working health that wanted to work
- Russia war on Ukraine important inflation driver.
- Economy is doing really well.
- Isn’t worried about the actions of other central banks.
- Does not know when fed will change monetary policy
- At some point interest rates will need to come down
- Does not feel urgency to act on monetary policy
- Doesn’t need to be exactly at 2% to cut rates
- Expects to squarely hit 2% inflation in early 2026
- Rate hike are not baseline forecast.
- Fed will take whatever action needed to lower inflation
Williams is speaking at the Economic Club of New York
This article was written by Greg Michalowski at www.forexlive.com.
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