NY Fed's Williams Sees Near-Term Inflation Near 4% as Labor Market Stays Strong
Updated
Updated · TradingView · May 29
NY Fed's Williams Sees Near-Term Inflation Near 4% as Labor Market Stays Strong
4 articles · Updated · TradingView · May 29
Williams said the US economy remains solid, with the labor market doing well and monetary policy positioned where the Fed wants it for now.
Near-term inflation is likely to peak in the next few months around 4%, he said, with core inflation near 3% and inflation expectations elevated in the short run but stable longer term.
Supply-chain disruptions tied to war remain a concern, and Williams said the Fed must stay data-dependent while keeping expectations anchored and making clear it will return inflation to 2%.
AI and broader US technological dynamism should have a lasting productivity impact, he said, adding to gains that had already begun before the recent AI boom.
Will AI's huge investment needs spark inflation before its productivity gains can cool prices?
As firms struggle with AI adoption, is the promised productivity boom more hype than reality?
Can U.S. tech leadership survive China’s rise and its own critical energy and talent shortages?