Fed’s Williams: Inflationvhas fallen across categories

Source Fxstreet
Apr 16, 2024 17:12

Federal Reserve (Fed) Bank of New York President John William,  a permanent voting member of the Federal Open Market Committee (FOMC), said on Tuesday that inflation has fallen across all categories over the last year and a half.

Williams participated in a panel discussion at the Economic Club of New York, and add some interesting comments on monetary policy.

Key takeaways

 

Inflation has fallen across all categories over the last year and a half.

US potential growth is around 2%, maybe higher.

Unclear what rise of AI does for productivirty, but is a big deal for business.

 

Market reaction

Williams words had no impact on the markets, overshadowed by concerns about a potential increase in Middle East tensions. 

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