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New York Fed’s Williams Says Policy Is Appropriate, Fed Will Act if Disinflation Stalls
Minseung Kang
Summary
- John Williams said the current monetary-policy stance is appropriate to bring inflation back to 2%.
- Williams said he strongly supports the recent FOMC decision and that the Fed would respond if disinflation stalls.
- He said Middle East-driven inflation pressures should ease over time and that rising AI investment is not at a level that threatens financial stability.
John Williams, president of the Federal Reserve Bank of New York, said the current stance of monetary policy is appropriate to bring inflation back to the Federal Reserve’s 2% target.
Walter Bloomberg reported on Aug. 3 that Williams strongly supports the Federal Open Market Committee’s recent decision. He added that the Fed would respond if progress on disinflation stalls.
Williams also said inflation pressures stemming from the Middle East should ease over time. He said the Fed does not need to follow the market’s interest-rate outlook and that rising investment in artificial intelligence is not at a level that threatens financial stability.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.