Quartz·1 min read·medium
NY Fed's Williams warns rate hikes are on the table if inflation doesn't ease
✦AI Summary
New York Fed President John Williams stated that the Federal Reserve remains prepared to raise interest rates if inflation does not trend toward the 2% target. While he expects a decline in inflation by late 2026, he emphasized that policy decisions remain data-dependent.
Williams said he expects inflation to fall in the second half of 2026, but the Fed will act if it stays above its 2% target
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