Central Banks
Fed’s Williams Sees No Current Reason to Change Stance of Policy
- Williams in Reuters interview says policy ‘in a good place’
- New York Fed chief sees inflation in ‘low twos’ by end of year
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Federal Reserve Bank of New York President John Williams said the latest US inflation data confirm price pressures are gradually easing but he still needs more evidence to adjust interest rates.
“I don’t see any indicators now telling me, oh, that there’s a reason to change the stance of monetary policy now, and I don’t expect that,” Williams said in an interview with Reuters published Thursday. “I don’t expect to get that greater confidence that we need to see on the inflation progress towards a 2% goal in the very near term.”