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Fed's Williams says inflation is too high but will start coming down soon

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With markets on edge over the direction of monetary policy, Williams offered no clear signs on where he is leaning as far as possible interest rate cuts go.

Published 10 mins agoNEW YORK — New York Federal Reserve President John Williams on Thursday said inflation is still too high but he is confident it will start decelerating later this year.

For nearly a year, the Fed has been in a holding pattern, keeping its benchmark borrowing rate in a range between 5.25%-5.5%, the highest in more than 23 years.Sign up for NBC LA newsletters.

 

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