New York Fed President John Williams said, “I see the U.S. economy recovering really nicely over the next couple of years.” But, “I don’t see inflationary pressures really building during that time.” Indeed, it would be a while before US could reach a sustained inflation rate of 2%, considering the high rates of unemployment, and other global disinflationary forces.
On monetary policy, Williams said, “I don’t know when we will take the next policy action because it will be driven by what happens in the economy.
