Central Banks
Fed’s Williams Incorporated Some Trump Policies in 2025 Forecast
- Says he incorporated where fiscal, immigration policy may be
- New York Fed chief called latest inflation data ‘encouraging’
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Federal Reserve Bank of New York President John Williams said that he started to factor in proposed policies of President-elect Donald Trump in his economic projections, and that policy is well-positioned to respond to uncertainties next year.
“In my own personal forecast, I have incorporated some thinking about where fiscal policy may be, immigration and other policies, because those are important drivers to thinking about the economic outlook,” Williams said in an appearance Friday on CNBC. “But I would just emphasize that there is a lot of uncertainty about what those effects will be.”