New York Fed President John Williams said Tuesday he was confident the Fed is on the path to restoring price stability.
New York Federal Reserve President John Williams said Tuesday he is confident the Fed is on the path to restoring low and stable inflation in the U.S. economy.
In a speech to the Economic Club of New York, Williams said he expects inflation to decline to around 3.25% by the end of this year and then falling to the Fed’s 2% target over the next two years.Inflation as measured by the Fed’s favorite indicator, the personal consumption expenditure index, has moderated to a 4.2% annual rate in March from 7% last summer. While that is an improvement, it is still double the Fed’s longer-run goal of 2%, he said.
In contrast, the Fed’s staff has projected that a recession will start in the second half of this year.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
New York City public schools rolling out new reading programNew York City is changing the way it teaches reading, getting children hooked on phonics, after Schools Chancellor David Banks concluded public schools have been teaching reading the wrong way for decades.
Consulte Mais informação »
US to propose new rules for airline cancellations, delays - New York Amsterdam NewsPresident Joe Biden said Monday his administration will write new regulations that will require airlines to compensate air travelers and cover their meals and hotel rooms if they are stranded for reasons within the airline’s control.
Consulte Mais informação »
Officials blast New York City Mayor Eric Adams' plan to send migrants to their countiesNEW YORK — Officials representing some New York suburbs have rebuked New York City Mayor Eric Adams' plan to send migrants to their towns for shelter.
Consulte Mais informação »
Fed's John Williams says it will 'take time' before inflation gets back to 2% targetThe current problems in the banking industry and their impact will factor into Williams' policy outlook.
Consulte Mais informação »
Abraham Verghese among the authors at Houston book events this weekThe New York Times bestselling author will read from his new novel at Alley Theatre.
Consulte Mais informação »