Williams Warns of Ongoing Uncertainty in Fed Monetary Policy

Federal Reserve official, Williams, highlighted significant uncertainties surrounding monetary policy during a recent statement on Friday, according to Odaily. He asserted that these uncertainties are expected to persist for the foreseeable future. This is attributed to transformative shifts in global economics driven by innovations such as artificial intelligence, de-globalization, and evolving financial systems. Notably, Williams provided no predictions about the economic outlook or specific policy adjustments, though he did emphasize the importance of central bank independence for achieving better outcomes.