New York Fed Chair John Williams Claims Inflation Is On Track To Ease, But Promised Action If That Does Not Happen

Source: International Business Times

John Williams, the chair of New York's Federal Reserve, said he expects inflation to ease gradually, but the central bank will raise interest rates if that does not happen alone. Getty Images John Williams, the chair of New York's Federal Reserve, said he expects inflation to ease gradually, but the central bank will raise interest rates if that does not happen alone. Speaking to Reuters, Williams said that, if energy prices and tariffs have reached a peak, then "some of the big drivers that pushed up inflation" won't "be at play as much," allowing for "some of the disinflationary forces that we've been seeing" to continue acting.