The Economic Times

Federal Reserve Bank of New York President John Williams expects inflation to ease, says Fed will act if it doesn't

Federal Reserve Bank of New York President John Williams anticipates inflation will cool gradually. He believes current interest rate policy is well positioned for this outcome. However, Williams stated the Fed will raise rates if inflation does not slow. He does not foresee financial stability risks from artificial intelligence investments. Williams expects inflation to reach the 2% target by 2028.