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NY Fed’s Williams says central bank can manage soft landing for economy -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – John Williams, Chief Executive Officer of the Federal Reserve Bank of New York speaks during an event held in New York (U.S.A.) on November 6, 2019. REUTERS/Carlo Allegri/File Photo

NEW YORK (Reuters] – Some supply chain issues could gradually recede over time. This will ease some inflationary pressures. It also helps the Federal Reserve reach its goal of controlling inflation and not causing a recession. John Williams, New York Fed president, stated Friday.

Williams told a virtual gathering organized by New Jersey City University that “my expectation is that [we] can manage, or if you’ll, the soft landing which we often discuss in monetary policies, which means keeping economic growth basically in a strong position” while maintaining more equilibrium between demand and supply.

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