More from Fed's Williams: Won't prejudge size of rate hike at upcoming FOMC meeting

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 Q&A now.

Earlier:

• Fed's Williams says US inflation still too high, the Fed has more work to do hiking rates

In that post I mentioned that Williams did not drop any clue on whether her favours a +25 or +50bp rate hike at the next FOMC meeting. In the Q&A he still hasn't.

• Very important for public to understand Fed's desire to lower 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
• Market pricing roughly consistent with Fed''s rate outlook
• Made sense for fed to slow rate rises in December
• Won't prejudge size of rate rise at upcoming FOMC meeting
• Fed still has a ways to go on rate rises
• Rate hike cycle stopping point depends on data
• Job market has been more resilient than expected
• Base case is that neutral rate stays low going forward
• Over longer run, inflation levels are determined by central banks
• Fed still faces challenges with core inflation readings
• There is still a lot of underlying demand for labor
• Inflation risks are still to the upside
• China's reopening will have a mixed impact on the global economy
• The end of lockdowns in China could tick global inflation higher
• addressing debt ceiling issues is the job of Congress

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As head of the NY Fed Williams has a permanent vote on the Federal Open Market Committee (FOMC). He is also the Vice-Chair of the Committee (Powell chairs it).

Meeting dates this year: