Key facts
- New York Fed President John Williams expects one more interest rate hike this year.
- Williams does not foresee a need for further rate hikes in 2027.
- Williams anticipates inflation will slow considerably and approach the Fed's 2% target next year.
New York Federal Reserve President John Williams stated that while he still believes one more interest rate hike is appropriate this year, he does not currently foresee a need for the central bank to increase rates again in 2027.
In an interview with Bloomberg News, Williams noted that there are still signs that inflation will slow significantly and approach the Federal Reserve's 2% target by next year.
