Adam posted Williams’ comments on Thursday:
- Williams Q&A: Inflation in non-housing basic services falling faster than expected
He also posted his speech, full text here: Eclipse
Here he raised his inflation forecast:
- I expect headline PCE inflation to be between 2 1/4 and 2 1/2 percent this year, before moving closer to 2 percent next year.
Is there still a debate about the possibility of a rate cut in June? THAT’S NOT GOING TO HAPPEN. Read the t-shirt!
As president of the New York Fed, Williams serves as vice chair of the Federal Open Market Committee (FOMC) and has permanent voting rights on that committee.
This article was written by Eamonn Sheridan at www.forexlive.com.
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