NY Fed President John Williams expects gradual interest rate decrease due to returning inflation and sustained economy.

NY Fed President John Williams expects interest rates to gradually decrease over the next couple of years due to inflation returning to the 2% target and the economy's strong, sustainable path. Williams emphasized that any decisions regarding the timing or extent of policy easing would depend on incoming economic data. He noted that inflation indicators have been encouraging and expects price pressures to continue to decline.

June 18, 2024
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