On May 19, the President of the New York Federal Reserve, Williams, stated that recent economic data is very good. The economy is close to full employment. The labor market is basically in a balanced state. Inflation has been slowly and gradually decreasing. The first quarter economic growth was unusual due to trade issues. The monetary policy is in a good position. The policy is slightly restrictive and in good condition. Some leading indicators have sent out worrying signals. Trade is an especially uncertain factor.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
On May 19, the President of the New York Federal Reserve, Williams, stated that recent economic data is very good. The economy is close to full employment. The labor market is basically in a balanced state. Inflation has been slowly and gradually decreasing. The first quarter economic growth was unusual due to trade issues. The monetary policy is in a good position. The policy is slightly restrictive and in good condition. Some leading indicators have sent out worrying signals. Trade is an especially uncertain factor.