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.

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