Fed's Williams: Current Monetary Policy Stance Appropriate Amid Economic Uncertainty

According to Odaily, New York Federal Reserve President John Williams stated that the current moderately restrictive monetary policy is "entirely appropriate" given the robust job market and inflation slightly above the 2% target. While he did not specify expectations for this year's policy path, Williams noted that the U.S. economy is fundamentally strong at the beginning of 2025. He acknowledged the challenges in reducing inflation but emphasized that the labor market is not the source of price pressures. Williams also highlighted that fiscal, trade policies, and geopolitical developments continue to contribute to significant uncertainty.