Federal Reserve's Williams Highlights Ongoing Uncertainty in Monetary Policy

According to Odaily, Federal Reserve official Williams stated on Friday that current uncertainties are significant and will persist for some time. Williams remarked, "We are experiencing a period of uncertainty and change." He emphasized that uncertainty will undoubtedly remain a defining feature of the monetary policy landscape in the foreseeable future. This is attributed to structural changes in the global economic environment, such as those brought about by artificial intelligence, de-globalization, and innovations in the financial system. Williams did not comment on the economic outlook or monetary policy. He also noted that the independence of central banks can lead to better outcomes.