Fed's Williams says US inflation still too high, the Fed has more work to do hiking rates

Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term Bank of New York President John Williams

• US inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term still too high, Fed has more work to do on rate rises
• Lowering inflation will need period of slower growth, softer job market
• Fed must stay the course until inflation is brought back to 2%
• Balance sheet reduction is going well
• Sees signs inflation pressures starting to moderate
• Expects inflation to cool to 3% this year
• Expects US growth of 1% this year
• Expects US unemployment to rise to 4.5% this year

The Federal Open Market Committee (FOMC) meet next week. Various Fed Presidents and officials have been running the +25bp rate hike up the flagpole (as opposed to +50). No clue given from Willaims here on that question really. Perhaps in the Q&A. Stay tuned.