Brooke Masters

Conversation with Federal Reserve Bank of New York President & CEO John Williams | Global Conference

John Williams, Brooke Masters

Federal Reserve Chair John Williams characterizes the U.S. economy as transitioning toward a sustainable 2% inflation target, noting that restrictive monetary policy will persist until data confirms balanced progress on employment and price stability. While recent supply-side gains from labor participation and immigration supported 3.1% GDP growth, forecasts indicate a moderation to 2-2.5% as consumer spending diverges between affluent and lower-income households. Williams further warns that geopolitical volatility, potential labor market impacts from artificial intelligence adoption, and demographic shifts signal an end to the era of low economic uncertainty.