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Federal Reserve williams: Inflation is decreasing, and interest rates will decline further.
The president of the New York Federal Reserve, John williams, recently stated in an interview that he believes inflation is cooling down and interest rates will further decline. williams mentioned that the usa economy is growing very well, the labor market is steadily cooling down, and the inflation rate is gradually decreasing from very high levels. By the end of next year, the federal funds rate will be lower than it is now. This will depend on the data and the progress we make. williams believes that a 2% interest rate best balances the Federal Reserve's goals of employment and price stability. He said, "My way of thinking is, what inflation rate can best balance maximum employment and price stability? Some people might say that price stability is 0."
Fed's Williams Sees Inflation Cooling and Interest Rates Falling Further