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2026-07-15 20:48:14
[Williams: Inflation Still Too High But Has Peaked, May Fall to 3.25% by Year-End; Economic Resilience Absorbs Geopolitical Risks] ⑴ Federal Reserve Chairman Williams said on Wednesday that the current inflation rate of around 4% is undoubtedly too high and must be persistently restored to the 2% target level, but the current monetary policy stance is fully capable of achieving this goal. ⑵ He expects overall inflation to fall to around 3.25% by the end of the year, continue to move towards 2% in 2027, and reach the target in 2028. He also believes that medium- and long-term inflation expectations remain well anchored, and there is ample reason to expect that inflation has peaked and will gradually decline. ⑶ Regarding economic growth, he expects real GDP growth to remain between 2% and 2.25% in this year, next year, and 2028, and the unemployment rate to gradually fall to 4% by 2028. He stated that economic growth is robust and in line with trends, and the labor market is also robust, stable, and resilient. ⑷ He pointed out that the full impact of the surge in artificial intelligence investment on growth, employment, and inflation is difficult to predict, and supply disruptions caused by the Middle East conflict remain a source of risk to the outlook, but the US economy has so far absorbed the impact of these events quite well.
