Highlights from Fed President Williams' Latest Statements:
Inflation:
• Inflation is still far from the Fed's 2% target.
• There has been no progress in reducing inflation recently.
• Inflation should slow in the second half of 2024.
• Inflation expectations data remained stable.
• It expects inflation to be 2.5% this year and close to 2% next year.
Economy:
• It expects the economy to grow between 2% and 2.5% this year.
• He expects unemployment to reach 4% by the end of the year.
Money Politics:
• Fed policy is well positioned to return inflation to the 2% target.
• The risks associated with complying with the Fed's mandates are better balanced.
• Monetary policy is clearly working the way the Fed wants.
• He feels good about where monetary policy is now.
Wage Increases:
• Wage increases are still too high compared to the 2% inflation target.
