Reported 6 months ago
Federal Reserve Bank of New York President John Williams stated that inflation is expected to continue falling in the second half of the year, noting that high borrowing costs are currently helping to restrain the economy. Williams mentioned that Fed policy is well-positioned and that the imbalances between supply and demand are gradually easing, with inflation forecasted to moderate in the latter part of the year. He emphasized that while a rate increase is unlikely at the moment, the decision would depend on incoming economic data.
Source: YAHOO