New York Fed President John Williams spoke about the central bank’s targets at an event he attended today.
Speaking at the panel organized by the International Settlements Bank BIS, Williams emphasized that restoring price stability is their main goal. The NYC FED executive, who is also the vice chairman of the FOMC, which determines the Federal Reserve’s funding rates, preferred to fend off questions about the future of monetary policy.
Powell: Interest Rate Increases Will Continue!
The fact that the FED skipped the rate hike in its last meeting created question marks in the minds of investors. Consumer inflation, which fell faster than expected, started to highlight the downward interest rate forecasts of some experts. However, Fed Chairman Jerome Powell, speaking last week, gave the message to “continue the tight monetary policy”.
Speaking publicly on Wednesday, June 21, Powell said he was 2%. inflation Emphasizing its target, it gave a signal to the market about interest rates. Jerome Powell, in his statement, stated that the FED may increase the funding rates 1-2 more times until the end of the year.
