Economy · News reference

Fed's Williams Says Inflation Is Unquestionably Too High At About 4%; Expect Overall Inflation To Decline To Around 3.25% By End Of 2026; We Will Continue Toward Our 2% Goal In 2027 And Land On Target In 2028; Expect Real GDP Growth To Be ~2%-2.25% In 2026 And Over The Next Two Years; Growth In U.S. Economy Is Solid And On Trend, Labor Market Is Likewise Solid And Stable; Effects Of Middle East Conflict Pose Significant Risks, But U.S. Economy So Far Has Absorbed Risks Fairly Well

https://www.newyorkfed.org/newsevents/speeches/2026/wil260715