- Analytics
- News and Tools
- Market News
- Fed's Williams: Will be data-dependent, nimble in our policy approach
Fed's Williams: Will be data-dependent, nimble in our policy approach
The sky-high inflation is the number one danger to the US economy, New York Fed President John Williams said on Friday, as reported by Reuters.
Additional takeaways
"We are 100% committed to goals."
"We must be resolute, and cannot fall short."
"Price stability is absolutely essential for a strong economy."
"Fed is strongly committed to bringing inflation back down to 2% goal."
"I expect unemployment rate to reach somewhat above 4% next year."
"GDP to grow less than 1% this year, rebound to 1.5% next year."
"Some signs job growth has slowed, but labor market remains incredibly tight."
"We will be data-dependent, nimble in our policy approach."
"High inflation is incredibly harmful; I am resolutely focused on restoring price stability."
"May take some time to get inflation to 2%, may well be a bumpy road."
Market reaction
The US Dollar Index showed no immediate reaction to these comments and was last seen posting small daily losses at 106.95.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
