May 30, 2024 16:35 GMT
Fed's Williams Says Not His Baseline That FOMC Will Hike Rates
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- Comments filtering through from Fed's Williams in Q&A:
- Monetary policy clearly working, in US and globally
- Don't know when we'll cut rates, will depend on data
- Don't feel any urgency to adjust monetary policy
- Don't need to be at 2% inflation to lower rates
- Looking for consistent signal inflation moving to 2%
- Do expect shelter inflation to keep coming down
- Forecast inflation to reach 2% in early 2026
- Not my baseline that Fed will hike rates
- If material change in outlook, ready to take action (BBG)
- Monetary policy clearly working, in US and globally
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