Fed's Williams: Monetary policy well positioned to lower inflation

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 43 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 122%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

NEW YORK, May 30 - Federal Reserve Bank of New York President John Williams said Thursday the current setting of monetary policy is in the right place to help inflation get back to 2%, in remarks that gave no hints of when he thinks the central bank might be able to cut the cost of short-term borrowing.

“I see the current stance of monetary policy as being well positioned to continue the progress we’ve made toward achieving our objectives,” Williams said. He added Fed policy makers “will continue to keep an eye on the totality of the data, so that we make policy decisions that ensure that we get inflation sustainably back to 2 percent while maintaining a strong labor market.”

At the meeting officials are widely expected to maintain their overnight interest rate target range at between 5.25% and 5.5%. They’re also scheduled to update their forecasts on the economy and monetary policy. In his remarks, Williams said inflation remains too high and its performance over the start of the year has been disappointing. But he expects to see price pressures ease further over the second half of the year amid a better balancing of the economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed's Williams says next Fed move likely to be lower ratesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Fed's Logan says US monetary policy may not be tight enoughThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »