Published Date May 30, 2024

At the Economic Club of New York, Federal Reserve Bank of New York President John Williams said he expects inflation to continue falling in the second half of this year, adding that elevated borrowing costs are restraining the economy.

Williams said that while inflation is still too high, Fed policy is well positioned and the imbalances between supply and demand are easing.


READ MORE: High Interest Rates Are Working, Fed's Williams Says

By Caroline Gaudette

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