Williams says Fed policy well positioned for economic risks, uncertainty
By Michael Derby
Published on May 4, 2026.
New York Federal Reserve President John Williams has stated that the US central bank's monetary policy is well positioned to deal with high economic uncertainty due to the Middle East conflict. Williams noted high inflation, mixed job market signals and uncertainty about the war present an unusual set of circumstances for Fed policymakers. He also predicted resilient economic growth of between 2% and 2.25% this year and unemployment of between 4.25 and 4.50%. However, he warned that inflation expectations are also steady and that energy price rises could be worse than expected.
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