More from Fed's Williams: an ‘open question’ how fast inflation will cool next year

<p>Federal Reserve Bank of New York President John Williams. As head of the NY Fed Williams has a permanent vote on the FOMC, and indeed is its vice-chair. Williams is a big wheel at the Federal Reserve. </p><p>Earlier from him:</p><ul><li><a href="https://www.forexlive.com/centralbank/feds-williams-isnt-happy-with-where-inflation-is-says-fighting-it-is-the-fed-main-job-20230705/" target="_self" rel="follow">Fed's Williams – isn't happy with where inflation is, says fighting it is the Fed main job</a></li><li><a href="https://www.forexlive.com/centralbank/more-from-feds-williams-makes-sense-to-slow-rate-rises-right-now-but-is-data-dependent-20230705/" target="_self" rel="follow">More from Fed's Williams: Makes sense to slow rate rises right now, but is data dependent</a></li></ul><p>Adding more now, from comments as part of Williams' participation in a moderated discussion before the 2023 Annual Meeting of the Central Bank Research Association (CEBRA):</p><ul><li>
The Fed and other regulator work in March appears successful</li><li>Markets have heard
the Fed’s message about interest rate outlook</li><li>Its an ‘open
question’ how fast inflation will cool next year</li><li>It’s not a problem
if markets expect faster progress on inflation compared to the Fed</li></ul><p>Next Federal Open Market Committee (FOMC) meeting is the 25th and 26th of this month. Ahead of that we'll get jobs data (NFP on Friday 7 July) and CPI (12 July):</p>

This article was written by Eamonn Sheridan at www.forexlive.com.