'Fed's Williams: Inflation to ease in coming quarters'

 United States Federal Reserve Bank of New York President John Williams said on Thursday that he expects inflation to come down in the coming quarters due to the main factors driving inflation, tariffs and the conflict in the Middle East, losing their impact.

"In coming quarters, however, I expect inflation readings to edge down for several reasons. First, the direct effects of existing tariffs on prices appear to have mostly played out ... Second, assuming the supply disruptions owing to the closure of the Strait of Hormuz are resolved relatively soon, energy and related goods prices should stabilize, then start to come down later this year," Williams said in a speech prepared for the Crane's Money Fund Symposium.

The New York Fed president also said that "modest" increases in market rents and the situation in the labor market are also expected to lead to an easing in inflation readings.

https://breakingthenews.net/Article/Fed's-Williams:-Inflation-to-ease-in-coming-quarters/66578209