Feds Williams: Data/conditions not nearly enough for FOMC to shift its policy stance

NY Fed’s Williams speaking

The New York Fed president Williams is speaking:

  • Data and conditions now are not nearly enough for the FOMC to shift its monetary policy stance
  • Despite strong growth, we are still far from our goals of maximum employment and price stability
  • Expects inflation to come back down to 2% next year after short run imbalances have played out
  • Real GDP could increase by around 7% this year
  • Expects the US economy will grow this year by fastest rate since the early 1980s

Williams is a permanent voting member on the FOMC Board. 

Fed’s Powell is scheduled to speak at 2:20 PM ET on Community Development.

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