Fed Official Williams: Inflation Levels Of All Types Have Declined

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John Williams, president of the Federal Reserve Bank of New York and a member of the Federal Open Market Committee’s voting committee, said on Tuesday that inflation of all types has declined over the past year and a half.

Williams participated in a panel discussion at the Economic Club of New York and made some noteworthy comments on monetary policy.

Inflation has fallen across all categories over the past year and a half.

Potential U.S. growth is about 2%, or even higher.

The impact of the rise of artificial intelligence on productivity is unclear, but it’s a big deal for businesses.