Federal Reserve Bank of New York President John Williams. As head of the NY Fed Williams has a permanent vote on the FOMC, and indeed is its vice-chair. Williams is a big wheel at the Federal Reserve.
Earlier from him:
- Fed’s Williams – isn’t happy with where inflation is, says fighting it is the Fed main job
- More from Fed’s Williams: Makes sense to slow rate rises right now, but is data dependent
Adding more now, from comments as part of Williams’ participation in a moderated discussion before the 2023 Annual Meeting of the Central Bank Research Association (CEBRA):
- The Fed and other regulator work in March appears successful
- Markets have heard
the Fed’s message about interest rate outlook - Its an ‘open
question’ how fast inflation will cool next year - It’s not a problem
if markets expect faster progress on inflation compared to the Fed
Next Federal Open Market Committee (FOMC) meeting is the 25th and 26th of this month. Ahead of that we’ll get jobs data (NFP on Friday 7 July) and CPI (12 July):
This article was written by Eamonn Sheridan at www.forexlive.com. Source