"NY Fed's John Williams Addresses Inflation and Rate Hike Possibilities"

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Source: The Wall Street Journal
"NY Fed's John Williams Addresses Inflation and Rate Hike Possibilities"
Photo: The Wall Street Journal
TL;DR Summary

New York Fed President John Williams did not indicate whether more rate rises will be needed, but emphasized that changes in lending conditions and their potential effects on economic activity and hiring would be a top focus as officials determine whether they have raised rates enough to bring inflation down. Williams cautioned that it will take time for the central bank's rapid rate increases to slow down economic activity to combat high inflation.

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