Fed's Williams (voter) says higher energy prices are lifting costs and inflation. No obvious argument to alter interest rates currently.

Inflation/Prices Inflation is up, "quite a bit". Anticipates inflation peaking in the next few months. Should be elevated for the remainder of 2026, and then lower in 2027. Goods, energy, tech and AI are lifting inflation. Much of the price pressures are due to computer-related price increases, and tariffs. Not particularly concerned about the persistent impact on inflation, of energy, thus far. Hopes that energy upside stabilises. Upside risks to inflation have increased. Job Market Describes it as "healthy". Market has stabilised. EconomySolid growth around 2%.Monetary Policy Is in the correct place, no need to move rates. No obvious argument to alter interest rates currently. Current policy is "modestly" restrictive. If conditions in the economy change, the Fed would then need to respond. Bond market will need to make an assessment on policy. Market has been dependent on data. "Not far" from a neutral rate. New Chair Williams does not intend to change his public speaking work under Warsh. Fed does not have groupthink.