The Federal Reserve (Fed) Bank of New York John Williams noted during an appearance at the biennial macroeconometric carbion conference at Nasau, that the job of Fed to forecast economic results is becoming increasingly difficult, especially under the weight of trade war threats from the trump administration.
Main attraction
The current forecasting rate of the fed looks appropriate.
Negative economic risk and reverse inflation risk are both high.
The major issue for monetary policy is to manage risks and uncertainties.
The American central bank is not in a hurry to take the next monetary policy decision. It has become difficult to forecast Outlook.
It is necessary to keep the expectations of inflation.
The data of data of Michigan inflation expectations is an external.
I relax in the stability of hopes of long -term inflation.
I can’t say yet what the clear effect of tariff will be on inflation.
Fed has gained more clarity on the Trump policy agenda.
