Federal Reserve's Williams: Low CPI Data Due to Technical Factors, Not in a Hurry to Adjust Monetary Policy
BlockBeats News, December 19, William, President of the Federal Reserve Bank of New York, said on Friday that some "technical factors" may have distorted the Consumer Price Index (CPI) data for November, causing the data to be lower than the actual level. Williams said: "There are some special real-world factors related to their inability to collect data in October and the first half of November. As a result, I believe that data for certain categories have been distorted, which may have caused the CPI data to be lowered by about 0.1 percentage point." Williams also stated that the U.S. economy is currently in a "good state" and hinted that he "will eventually see" a rate cut. However, he emphasized that he is not in a hurry to adjust monetary policy. (FXStreet)
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