Williams: Current monetary policy is appropriate and sufficient to address short-term inflation risks.

According to ChainCatcher, citing Jinshi, New York Federal Reserve President Williams stated that the current monetary policy stance is appropriate and sufficient to address the risk of rising inflation in the near term. He pointed out that the Middle East war could trigger a supply shock, pushing up inflation and suppressing economic activity, and the effects are already beginning to appear. Williams expects the US economy to grow by about 2.5% this year, with inflation reaching 2.75%, before falling back to the 2% target level next year.