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Fed's Williams: Inflation high, labor market cooling, and support for interest-rate increase.

1 min read
Source: Reuters
Fed's Williams: Inflation high, labor market cooling, and support for interest-rate increase.
Photo: Reuters
TL;DR

Federal Reserve Bank of New York President John Williams said that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity. Williams said that the banking sector stress that started last month and has resulted in extensive Fed emergency lending to banks seems to be cooling off. He also said that it would be likely this borrowing declines as banking sector conditions further stabilize.

Topics:businesseconomy#banking-sector#credit-conditions#economy#federal-reserve#inflation#monetary-policy
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  1. Fed's Williams: Inflation still 'too high,' Fed will act to lower it  Reuters
  2. Top Fed Official Signals Support for May Interest-Rate Increase  The Wall Street Journal
  3. Fed's Williams says inflation is slowing and labor market is cooling  MarketWatch
  4. More from Fed's Williams - Imbalances still exist in labor markets, economic demand  ForexLive
  5. Fed’s Williams: Seeing Signs of Cooling in Still Very Strong Job Market, Likely to Take Two Years to Get Back to 2% Inflation Target  Forex Factory

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