The Federal Reserve's current interest rate policy is appropriate, according to New York Federal Reserve President John Williams. He anticipates inflation will slow in the latter half of the year, but indicated the Fed would act if inflation does not return to the 2% target. Williams expects inflation to remain at the 2% target by 2028, assuming the impact of Middle East conflicts on prices diminishes. AI
RANK_REASON Commentary from a central bank official on monetary policy.
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