Fed’s Williams Says Monetary Policy Well-Positioned Right Now

Federal Reserve Bank of New York President John Williams said the central bank’s policy is well-positioned to respond to the economic effects of the US war in Iran.

While that conflict, and a lingering effect from tariffs, have pushed up inflation, Williams said he expects the pace of those price increases to peak over coming months, allowing officials space to assess how conditions develop.

“Monetary policy for the Fed is right where we want it to be,” Williams said Thursday during a question and answer session following a speech at a central banking conference in Iceland. “We are well-positioned to ...