Fed’s Williams tells Yahoo monetary policy is in ‘right place’ amid inflation risks

By Michael S. Derby

NEW YORK, June 3 (Reuters) – Federal Reserve Bank ​of New York ‌President John Williams reiterated on Wednesday that he does not believe the U.S. ‌central ​bank needs ⁠to change the ⁠setting of short-term interest rates despite upside inflation risks tied to ​the Middle East war and other ⁠forces.

“Monetary policy, I ⁠think, is exactly ​in the right place,” ​Williams said in an ‌interview on Yahoo Finance. “I don’t see any need to raise or ⁠lower interest rates right now” and “I don’t see an obvious ⁠argument ‌to that ⁠we should change interest ​rates, ‌but I also ​don’t ⁠see an obvious kind of direction where we would go in the future.”

(Reporting by Michael S. ​Derby)