NY Fed's John Williams flags need to gather more information on inflation risks before rate decisions
Summary
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed the need for more economic data before determining monetary policy, while Musalem warned that policymakers must address current inflation rather than wait for future AI-driven productivity gains.
Description from Times of India.
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NY Fed's John Williams flags need to gather more information on inflation risks before rate decisions
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed the need for more economic data before determining monetary policy, while...
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