Federal Reserve's Third-in-Command: Future Interest Rate Path Lacks Clear Direction, Not Too Concerned About Persistent Inflation

06/03 17:50

On June 4, John Williams, President of the New York Federal Reserve, stated that the current U.S. monetary policy is appropriately positioned and that there is no clear direction for future interest rates. Williams pointed out that inflation remains high, with upward price pressures stemming from energy prices, tariffs, and investments related to AI. However, he also noted a 'considerable' slowdown in service inflation.

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