Fed's Williams: Inflation back at 2% by 2025 - Breaking The News

Fed's Williams: Inflation back at 2% by 2025

10 April

1 min read

EPA-EFE/JUSTIN LANE

Federal Reserve Bank of New York President John Williams stated on Monday that he expects inflation to drop to 2% by 2025, stressing that dynamics surrounding the consumer price index (CPI) are "complicated."

The banker said that CPI should land around 3.75% in 2023, assessing that rent-related inflation pressures should come down "sharply." Noting that core service inflation excluding housing "has been very persistent," Williams welcomed the market's rate expectations which he deemed "reactive to data."

Commenting on the banking crisis, Williams underscored that Fed's rate hikes did not trigger the crisis, saying that collapsed financial institutions faced their "unique" troubles.

inflation fed williams banking crisis

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