Fed's Williams: Why Rates Should Gradually Rise This Year

The transcript discusses the Federal Reserve's approach to interest rates amid inflation forecasts. It highlights the difference between market expectations and the Fed's plans, emphasizing a gradual increase in rates if the economy remains stable. The discussion includes potential global economic impacts and the importance of balancing different scenarios. The speaker supports a rate hike in June, contingent on economic data, while acknowledging uncertainties.

How does the speaker view the relationship between inflation forecasts and interest rates?

What are the current expectations regarding interest rate increases according to the markets?

What concerns does the speaker mention that could impact global growth?

What is the speaker's baseline scenario for the US economy?

What factors does the speaker believe could lead to a pause in raising interest rates?