Federal Reserve Bank of New York President John Williams underscored in an interview with Axios shared on Friday that the central bankers would deem it "appropriate" to consider easing monetary policy later this year if data indicates that inflation is progressing towards the 2% target.
"We've seen a lot of progress over the last year or two now—both on the labor market and on the inflation front. And like I said, things are moving [in] the right direction. I just want to see that continue," Williams noted. The Federal Reserve official also pointed out that he does not expect consumer spending to continue to be as strong as was evident in 2023.
In addition, Williams noted that housing prices pose a minimal risk to the United States financial system, but pointed out that the real estate market still causes uncertainty to the country's economy.
