More Williams: monetary policy is clearly working how Fed wants it to work

  • 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 Source