Fed's Williams: Iran War Will Push Up Overall Inflation, Monetary Policy Currently in a Favorable Position

Odaily News According to New York Fed President Williams, the impact of the Iran war will push up overall inflation, and the inflationary factors it triggers will be directly reflected in the overall inflation data. Considering energy factors, the inflation rate should be around 2.75%. The current focus is on overall inflation, and the situation regarding core inflation has not changed much. Tariffs remain a significant factor for inflation, and overall inflation is expected to slow down later this year. Monetary policy is currently in a favorable position, allowing for a wait-and-see approach. Interest rates are currently at a fully appropriate level and can be adjusted if necessary. The labor market situation is quite complex, characterized by low hiring and low layoffs. (Jin10)