Fed’s Williams: Inflation expectations are anchored

Source Fxstreet

Federal Reserve Bank of New York President John Williams noted on Wednesday that the Fed's future monetary policy decisions will depend heavily on economic data. He highlighted the significant uncertainty facing the Fed, much of which stems from potential changes in government policy.

Key Quotes

Monetary policy data-dependent in highly uncertain environment. 

Government policy outlook main source of uncertainty. 

Monetary policy ‘well positioned’ for economic outlook. 

Disinflation process to continue, could be choppy. 

Improvement in supply/demand balance allowed rate cuts. 

Balance sheet drawdown proceeding smoothly. 

Expects growth to moderate to 2% this year. 

Expects unemployment rate to hold between 4%-4.25%. 

Sees move to 2% inflation over coming years. 

Housing related inflation pressures are easing. 

Economy has returned to balance. 

Inflation expectations are anchored. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold in second day of gains with US and Russian officials meeting for peace talksGold’s price (XAU/USD) is rallying near 0.50% this Tuesday at the start of the European trading session, with the precious metal trading around $2,910 at the time of writing.
Author  FXStreet
10 hours ago
Gold’s price (XAU/USD) is rallying near 0.50% this Tuesday at the start of the European trading session, with the precious metal trading around $2,910 at the time of writing.
placeholder
WTI rises above $71.50 due to supply disruptions from KazakhstanWest Texas Intermediate (WTI) crude Oil price continues its upward momentum for the second consecutive day, trading around $71.70 per barrel during European hours on Tuesday.
Author  FXStreet
10 hours ago
West Texas Intermediate (WTI) crude Oil price continues its upward momentum for the second consecutive day, trading around $71.70 per barrel during European hours on Tuesday.
placeholder
EUR/USD corrects as US Dollar rebounds on Fed’s restrictive policy stanceEUR/USD declines to near 1.0450 in Tuesday’s European session after failing to hold above the psychological resistance of 1.0500 in the last two trading days.
Author  FXStreet
10 hours ago
EUR/USD declines to near 1.0450 in Tuesday’s European session after failing to hold above the psychological resistance of 1.0500 in the last two trading days.
placeholder
Pound Sterling rebounds after upbeat UK employment, strong wage growth dataThe Pound Sterling (GBP) bounces back against its major peers on Tuesday after the release of upbeat United Kingdom (UK) labor market data for the three months ending December.
Author  FXStreet
12 hours ago
The Pound Sterling (GBP) bounces back against its major peers on Tuesday after the release of upbeat United Kingdom (UK) labor market data for the three months ending December.
placeholder
USD/CAD Price Forecast: First downside target emerges near 1.4150, eyes on Canadian CPI inflation dataThe USD/CAD pair trades in positive territory near 1.4205 during the early European session on Tuesday, supported by the firmer Greenback.
Author  FXStreet
14 hours ago
The USD/CAD pair trades in positive territory near 1.4205 during the early European session on Tuesday, supported by the firmer Greenback.
Related Instrument
goTop
quote