Reported about 1 year ago
Federal Reserve Bank of New York President John Williams stated that although inflation has shown improvement and is near the 2% target, there is still work to be done to sustain it. The Fed remains committed to achieving their goal amid recent data showing a slowdown in inflation, suggesting fewer rate cuts later this year. Williams also downplayed a direct link between the Fed's balance sheet and stock valuations, emphasizing the positive market response to the strong performance of the US and Indian economies.
Source: YAHOO