More from Fed's Williams: Fed still has more rate hikes ahead, citing 4.6% median 2023 dot

Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term Bank of New York President John Williams, a core FOMC member (The head of the NY Fed has a permanent vote on the Federal Open Market Committee).

• Fed policy not yet in restrictive place for growth
• Fed’s rapid rate hikes have been `very beneficial’
• Fed still has a way to go, cites 4.6% median 2023 dot
• Seeing some signs of thinner market liquidity
• Core markets continue to function reasonably well
• Fed needs to be focused on getting inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term down
• Peak for Fed rates, the pace of hikes depends on data

Nothing of much surprise from Williams here, we all know the Fed is still powering ahead on hikes.

Earlier:

• Fed's Williams: Fed is cooling inflation but underlying pressures still strong