U.S. consumers expect inflation to rise further next year but see a softer pace over the longer term, in a sign that inflation expectations – a dynamic closely watched by Fed officials – remain reasonably stable, according to a survey on Monday the New York Fed. At the same time, of course, consumers appear more […]
Tag: Federal Reserve Bank of New York
J. Williams (New York Fed): It makes perfect sense to raise interest rates
It makes “sense” for the US Federal Reserve to start raising interest rates in 2022, as it “mitigates” the support it provided during the pandemic, New York Fed Chairman John Williams said on Friday. The Fed will focus on economic data when it decides the exact time and rate of interest rate hikes, Williams said, […]
Williams (Fed): Inflation can be stabilized without a recession
The chairman of the Federal Reserve in New York, John Williams, said on Friday that he is confident that the US Federal Reserve can stabilize inflation without a recession. In an interview with CNBC, Williams was asked about an article by former Secretary of the Treasury Lawrence Summers, in which he said there were few, […]