Fed's Williams: Underlying price trends point to inflation being around Fed's target

Eren Sengezer FXStreet

New York Fed President Williams crossed the wires in the last hour arguing that the underlying price trends point to inflation staying around the Federal Reserve's 2% target.

Key quotes (via Reuters)

U.S. economy is still in a very good place.
Some risks to global growth have receded.
Domestic drivers of U.S. economy are strong, expects growth above 2% this year.
Inflationary pressures are essentially nonexistent.
We are around neutral interest rate.
We should be right where we are in terms of interest rates, no argument to move at this point.
Want to see inflation at target for an extended period, little risk of inflation running hot right now.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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