Williams: Current monetary policy is appropriate and sufficient to address short-term inflation risks

According to Jinshi News, New York Fed President Williams stated that the current monetary policy stance is appropriate and sufficient to address the risks of rising inflation in the short term. He pointed out that the war in the Middle East could trigger supply shocks, pushing up inflation and suppressing economic activity, with related effects already beginning to manifest. Williams expects the U.S. economic growth rate to be around 2.5% this year, with an inflation rate reaching 2.75%, before falling back to the target level of 2% next year.