Williams is speaking to a group of financial industry professionals in Manhattan. Headlines here:
Fed's Williams says inflation is still to high, Fed will act
Sheesh, the Wall Street Journal is quick out of the gate with this report (gated) on his remarks:
The article is written by the Journal's Fed insider Nick Timiraos:
- Investors see a greater than 80% chance that the Fed will raise rates by a quarter point at its May 2-3 meeting, according to CME Group. Mr. Williams, a close ally of Fed Chair Jerome Powell, offered little to push back against those expectations just days before central-bank officials begin their traditional premeeting quiet period when Fed officials don’t communicate publicly before their decision.
The Federal Open Market Committee (FOMC) next meet on May 2 and 3.
