Tuesday, August 9, 2022
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

New York Fed President John Williams Rules Out Recession

in News
New york fed president john williams rules out recession
Share on FacebookShare on Twitter

New York Federal Reserve President John Williams said he expects the U.S. economy to avoid recession, despite seeing further interest hikes and another 75-basis point rate hike next month.

“A recession is not my base case right now,” Williams said in a CNBC interview. “I think the economy is strong. Clearly financial conditions have tightened and I’m expecting growth to slow this year quite a bit relative to what we had last year.”

The New York Fed head said “we need to move expeditiously,” when in the next meeting the debate will focus on a 50 or 75 basis point increase.

He noted that instead of a recession, a slowdown in the economy will really reduce the inflationary pressures and bring inflation down.

With prices increasing over 8% from a year ago in May, the highest level in 40 years, the Fed’s 2% target seems to be not easy to reach in the short term.

Consecutive interest rate increases this year total about 1.5 percentage points.

“My own baseline projection is we do need to get into somewhat restrictive territory next year given the high inflation, the need to bring inflation down and really to achieve our goals,” Williams said. “But that projection is about a year from now. Of course, we need to be data dependent.”

Tags: John WilliamsNew York Fed

Related Posts

Softbank posts a $21. 6 billion quarterly loss on its vision fund
News

SoftBank posts a $21.6 billion quarterly loss on its Vision Fund

Pfizer agrees to $5. 4 billion deal for global blood therapeutics
News

Pfizer agrees to $5.4 billion deal for Global Blood Therapeutics

Carlyle ceo kewsong lee steps down in sudden exit
News

Carlyle CEO Kewsong Lee steps down in sudden exit

Hbo max, discovery+ to merge into single platform starting in summer 2023
News

HBO Max, Discovery+ to merge into single platform starting in summer 2023

Payrolls increased 528,000 in july as market returns to pre-pandemic levels
News

Payrolls increased 528,000 in July as market returns to pre-pandemic levels

Amazon to acquire roomba maker irobot for $1. 7 billion
News

Amazon to acquire Roomba maker iRobot for $1.7 billion

Kellogg to split into three companies to focus on snacks
News

Kellogg’s raises outlook after quarterly sales rise

Paramount beats wall street expectations powered by top gun
News

Paramount beats Wall Street expectations powered by Top Gun

Mickelson, 10 liv golf players file antitrust lawsuit against pga tour
News

Mickelson, 10 LIV golf players file antitrust lawsuit against PGA Tour

Russia flirts with accepting bitcoin for energy exports
News

Bill would put bitcoin, ether under commodity regulator’s watch

No Result
View All Result

Recent Posts

  • Developing electricity-powered, low-emissions alternatives to carbon-intensive industrial processes / MIT
  • From tailwinds to turbulence
  • SoftBank posts a $21.6 billion quarterly loss on its Vision Fund
  • Pfizer agrees to $5.4 billion deal for Global Blood Therapeutics
  • Carlyle CEO Kewsong Lee steps down in sudden exit

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    CEO Latin America | ES

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – george.hatfield@ceo-na.com
    Editor-in-Chief - paul.imison@ceo-na.com
    Advertising – media@ceo-na.com

    AUSTIN

    600, Congress Avenue
    14th Floor
    Austin, TX.
    78701
    USA
    +1 512 649 0340

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    CEO Latin America | ES

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    george.hatfield@ceo-na.com
    Editor-in-Chief -
    paul.imison@ceo-na.com
    Advertising –
    media@ceo-na.com

    AUSTIN

    600, Congress Avenue
    14th Floor
    Austin, TX.
    78701
    USA
    +1 512 649 0340

    NEW YORK

    387 Park Ave South,
    New York, NY.
    10016
    USA
    +1 212 796 64 15

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?