In an interview with Bloomberg TV on Friday, New York Federal Reserve President John Williams said that it was possible for the FOMC to hike more than the terminal rate projected in the dot plot.
“Fed is well on its way to where it needs to be.”
“No need for funds rate over 6%.”
“Supply chains are improving around the world.”
“Seeing more factors helping to lower inflation.”
“We are seeing good news in inflation data.”
“Core services inflation remains an issue.”
“US is not in a recession, doesn’t expect it to fall into recession.”
The US Dollar Index showed no immediate reaction to these comments and was last seen trading flat on the day at 104.58.