During his talk on Tuesday evening, Federal Reserve Bank of New York member John Williams pointed out that growth measures in the United States are generally in good shape.
Additionally, Williams' statements included the following:
U.S. GDP growth is expected to remain steady this year and next year. I expect the U.S. economy to grow by 2% in 2025 and 2026. Monetary policy is well-positioned to achieve the Federal Reserve's goals. The Federal Reserve has made significant progress in reducing inflation rates. The U.S. labor market is in a good balance and is not a driver of inflation. I expect inflation to remain at 2.5% this year and 2% in the coming years. Economic forecasts are quite uncertain, partly due to the government policies adopted by the Trump administration. The modest restrictive policy should bring inflation back to 2%. Federal Reserve's inflation expectations are well-anchored. Wage gains are consistent with productivity and inflation expectations. The Federal Reserve has not yet reached its targets, but the economy is in good shape.
