New York Fed President Expects Inflation to Cool in Second Half of 2024

New York Fed President Expects Inflation to Cool in Second Half of 2024
John Williams, president of the Federal Reserve Bank of New York, speaks at an event in New York, on Nov. 6, 2019. Carlo Allegri/Reuters
Patricia Tolson
Updated:
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During an address at the Economic Club of New York, John Williams, president of the Federal Reserve Bank of New York, expressed his expectation for inflation to “resume moderating in the second half of this year.”

Mr. Williams, a close ally of Federal Reserve Chair Jerome Powell, emphasized that the recent hot monthly readings do not signify an upward trend but rather a pause in the cooling trend of inflation.