La Reserva Federal de Williams: La política monetaria actual es apropiada y suficiente para hacer frente a los riesgos de inflación a corto plazo

Golden Finance reports that on March 31, New York Fed Chair William Williams said on Monday that the current monetary policy stance is appropriate and sufficient to address the risks of inflation rising in the short term. He pointed out that the war in the Middle East could trigger a supply shock, while also pushing up inflation and suppressing economic activity; the related effects have already begun to show, and there are signs of disruptions in supply chains. Although the uncertainty in the inflation outlook is “very high,” rising energy prices will raise overall inflation over the next few months; if the fighting ends and oil prices fall, some of the gains may reverse. Williams did not indicate that there will be any adjustment to monetary policy in the near term. In his remarks, Williams said he expects the U.S. economic growth rate to be about 2.5% this year, inflation to reach 2.75%, and then to fall back to the target level of 2% next year. He also said he expects the unemployment rate to decline somewhat over the next two years. Williams’ outlook on inflation and employment is more optimistic than that of most of his Federal Reserve colleagues.