Williams Says Fed Policy Is Ready for Economic Risks
John Williams says Fed policy is ready for risks from Middle East conflict. He expects 2% growth this year while inflation stays near 3% amid energy shocks.
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New York Fed President John Williams said Monday that current interest rates of 3.50% to 3.75% are positioned to handle Middle East-driven economic uncertainty. The remarks, delivered to the Cynosure Group in New York City, followed the United States central bank's decision to hold rates steady last week. Investors face a dual threat of rising energy costs and supply shocks that could derail the Fed's inflation target.
