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John Williams, President of the Federal Reserve Bank of New York, stated that the current Fed policy is well positioned to achieve the inflation target of 2%.
He expressed strong support for the recent Federal Open Market Committee (FOMC) decision and indicated that the Fed is prepared to act if inflation shows signs of stalling.
Williams also noted that he expects price pressures related to the Middle East to diminish and reassured that there are no financial stability threats stemming from investments in artificial intelligence.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.