Federal Reserve Bank of New York President John Williams expressed optimism about inflation dynamics, stating that the April Consumer Price Index (CPI) was a positive development. Williams sees inflation in the low 2% range by year-end and around 2% next year. He believes the job market is still tight but hopes it can balance without a significant rise in unemployment. Williams does not foresee a need for rate cuts in the near term and remains cautious about inflation sustainability at 2%.
FED’S WILLIAMS: DOESN’T SEE ANY CURRENT NEED TO RAISE INTEREST RATES FED’S WILLIAMS: JOB MARKET STILL TIGHT, BUT EXCESSES ARE WANING FED’S WILLIAMS: HOPES JOB MARKET CAN BALANCE WITHOUT BIG RISE IN UNEMPLOYMENT
FED’S WILLIAMS: OPTIMISTIC INFLATION WILL CONTINUE TO RETREAT FED’S WILLIAMS: STILL LACKS CONFIDENCE INFLATION MOVING SUSTAINABLY TO 2% FED’S WILLIAMS: MONETARY POLICY ‘RESTRICTIVE,’ IS ‘IN A GOOD PLACE’
NEW YORK FED PRESIDENT WILLIAMS: DOESN’T SEE NEED FOR RATE CUT IN ‘NEAR TERM’ FED’S WILLIAMS: APRIL CPI WAS ‘POSITIVE DEVELOPMENT’ FOR INFLATION DYNAMICS FED’S WILLIAMS: OVERALL TREND FOR SLOWING INFLATION LOOKS GOOD
Fed’s Williams: Doesn’t See Need For Rate Cut In ‘Near Term’ - Doesn’t See Any Current Need To Raise Interest Rates - Need Not Wait Until Inflation Exactly At 2% To Ease Policy - Still Lacks Confidence Inflation Moving Sustainably To 2%
FED'S WILLIAMS: I SEE INFLATION IN LOW 2% RANGE BY THE YEAR'S END AND AROUND 2% NEXT YEAR & EXPECT UNEMPLOYMENT TO RISE TO 4% THIS YEAR.
⚠️ EXCLUSIVE-FED'S WILLIAMS WELCOMES INFLATION DATA, NOT READY TO SEEK RATE CUTS Full Story → https://t.co/N00JUr2jmA Federal Reserve Bank of New York President John Williams welcomed the arrival of softer consumer inflation data, he told Reuters, but said that positive news…
FED'S WILLIAMS: APRIL CPI WAS A POSITIVE DEVELOPMENT FOR INFLATION DYNAMICS.
FED'S WILLIAMS: OPTIMISTIC INFLATION WILL CONTINUE TO RETREAT & THE OVERALL TREND FOR SLOWING INFLATION LOOKS GOOD.
FED'S WILLIAMS: I STILL LACK CONFIDENCE IN INFLATION MOVING SUSTAINABLY TO 2%.