Fed’s Williams: Persistent supply shocks cannot be ignored
New York Federal Reserve (Fed) Bank John Willams said in a panel discussion at Oxford University on Friday that although tariffs and higher energy prices don’t to a sustainable inflation. However, repeated supply shocks are keeping price pressures higher.
New York Federal Reserve Bank John Williams warned that ongoing supply shocks cannot be disregarded during a panel discussion at Oxford University. While tariffs and higher energy costs do not generate lasting inflation, persistent supply shocks are maintaining elevated price pressures, and they must not be ignored. The labor market is not a source of inflationary pressure, and tariffs typically do not lead to sustained inflation. The Federal Reserve should ensure that these shocks do not become entrenched.
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