The president of the Federal Reserve Bank of New York, John Williams, on pricing clarity, future rate decisions and the American economic growth trajectory in an exclusive interview with Edward Lawrence of Fox Business.
The federal reserve, like the rest of the world, closely monitored President Trump’s trade and pricing policies – with an official first warning that, while the American economy is in “good place”, growing uncertainty is wreaking havoc.
“I am talking to business leaders of small businesses, average companies and global companies. Uncertainty, and especially uncertainty concerning prices and commercial policy, is subject 1,” said the president of the Federal Reserve Bank of New York, John C. The “morning with Maria”, “ THURSDAY.
“It is very difficult, if you are a company, to make long-term decisions on investment, new products and things like that,” he continued, “when you don’t know what the environment will be like.”
The American economy seems to “stop” on influential business and investment decisions, according to Williams, which noted that the Fed is also expecting a more in -depth “clarity” of global prices and commercial restrictions.
Volatile stocks after the price warning
Wednesday, investors intensified their American actions after the president of the Fed, Jerome Powell, said The decision -makers will break down In any case, mainly because President Trump’s prices are, in his opinion, more important than expected.
Will the federal reserve make a break on rate drops in 2025? New York president John Williams arises. (Getty Images)
“Like this great chicagoan, Ferris Bueller, noted it,” life moves fairly quickly “. For the moment, we are well placed to wait for greater clarity before considering any adjustment of our political position,” he said in remarks prepared for the Chicago Economic Club.
“My point of view is with the inflation of 2%, to which we will come back, then [the] The view of the longer runoff, the type of real neutral rate, is probably somewhere about 3 quarters of percent, or more or more that, “said Williams with Lawrence.
The chief strategist of the Osaic market, Phil Blancato, discusses the interest rate plans of the Fed and the impact of prices on inflation on the “money winner”.
“Based on the latest data we have, it seems that inflation works [at] approximately 2.3%. And you know, the economy grew up very well last year, “it spread.” From my point of view, I think that monetary policy is well positioned. I see no need to change the adjustment of the rate of federal funds as soon as it is. “”
However, economic unpredictability could throw a key into the Fed’s plans.
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The CEO of Bank of America, Brian Moynihan, discusses interest rates and the housing market on “the Clarm of the Claman”.
“There is just a lot of uncertainty about how the economy will take place this year,” said Williams. “What we see in market prices is a reflection of uncertainty about economic perspectives and what will happen in inflation.”
“We will certainly have effects on prices and Inflation this year from prices. This is what we have seen in the past. I think it is a fairly conventional vision on the way it will take place. I think that the big unanswered question is, to what extent does inflation remain raised, say, in 2026 or even more? We must make sure that unique prices are not changing in more persistent inflation, ”said the president of the Fed.
Fox Business Suzanne O’Halloran contributed to this report.
