Federal Reserve's Williams: Current Policy Appropriate Given High Uncertainty

BlockBeats News, March 21st, Federal Reserve's Williams stated, "There is some uncertainty in monetary policy, given the firm labor market and slightly above 2% inflation target, the current moderately restrictive monetary policy stance is entirely appropriate." Williams did not elaborate on his expectations for the Fed's policy for the year in his formal remarks. He noted that the U.S. economy has a solid foundation at the beginning of 2025 and mentioned that while inflation cooling off is a bumpy process, the job market is in a better balanced state and is not itself a driver of price pressures. He said, "Uncertainty is high and depending on fiscal and trade policy, geopolitical and other developments, many scenarios could unfold, and it is currently difficult to determine the probability of these scenarios." (FXStreet)