Fed’s Williams: Inflationvhas fallen across categories
Source Fxstreet
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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Here is what you need to know on Tuesday, August 4:
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