The Federal Reserve Williams said the U.S. economy is in good shape with GDP expected to grow by 2% in 2025 and 2026. The economic outlook is highly uncertain due to the impact of government policies. The U.S. unemployment rate should remain between 4% and 4.25%. The Federal Reserve has made significant progress in reducing inflation; Monetary policy is fully prepared to meet the Fed's objectives; Moderately restrictive policies should bring inflation down to 2%; Inflation is expected to remain ...
Fed Williams said that based on the data, the benchmark path is to cut interest rates further. There is ample liquidity in the financial system, the repo market is expected to come under pressure at the end of the year, and the Federal Reserve is well positioned in terms of liquidity and tools. (Jin Ten)
The Federal Reserve's Williams said that despite volatility, inflation has declined fairly steadily; economic activity is broadly balanced; and the latest data is consistent with recent trends.
Fed Williams said it would be appropriate to shift policy to neutral over time; Inflation has not yet reached 2%, but is moving in the right direction; Fed decision-making will continue to rely on data; U.S. unemployment is expected to be 4.25% this year and remain there around 2025; The job market is unlikely to be an inflation driver in the future; The economy is expected to allow the Fed to cut interest rates further; U.S. GDP is expected to be between 2.25% and 2.5% in 2024, with an average ...
Mr. Williams said the Fed was now "well placed" to engineer a soft landing for the US economy, while suggesting it supported a slower pace of rate cuts after a steep 50 basis point cut in September. Mr. Williams said the "very good" jobs report for September confirmed that the economy remained strong and healthy. The 50 basis point cut "was the right thing to do in September and it is the right thing to do today...
The Federal Reserve Williams said it is ready to start the process of cutting interest rates, and monetary policy can adjust to a more neutral stance based on the data. Inflation is expected to be close to 2% next year, and inflation is expected to cool further. Inflation is expected to be 2.25% this year. The unemployment rate is expected to reach about 4.25% by the end of the year. The long-term expected unemployment rate will be stable at around 3.75%. Federal Reserve policy has been effectiv...