The president of the New York Fed, the influential member of the FOMC, John Williams, said on Friday that inflation is too high right now, but there are some reasons for optimism that it will come down, according to Reuters.
Additional statements
“Companies that rely on people commuting to work in the office are experiencing a slower recovery.”
“The Fed needs to stick to as transparent and predictable an approach as possible.”
“The labor market is strong and job opportunities are high.”
“The Fed can handle the soft landing of keeping the economy in a strong place while restoring the balance between demand and supply.”
“There’s a lot of uncertainty around supply chain issues and inflation.”
“Williams’ baseline view is that supply chain problems will gradually subside.”
“Raising interest rates from near-zero levels in March makes sense in a number of scenarios.”
Source: Fx Street
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