Fed's Williams (voter) still believes Fed policy is well-positioned

INTEREST RATES Strongly supported the FOMC’s latest decision. Says rate policy remains “well positioned” to achieve 2% inflation. Says market pricing provides valuable information, but the Fed is not obliged to ratify market levels. Says the Fed will act to restore price stability if inflation is not on track towards 2%. INFLATION Expects the Middle East war’s inflation impact to cool. Acknowledges uncertainty around the Middle East war’s inflation impact. Remains optimistic inflation pressures will gradually ease. Says the Fed is strongly committed to returning inflation to 2%. BALANCE OF RISKS Is unsurprised by AI-sector volatility. Sees no financial-stability risks from AI investment.