Maria Eloisa Capurro

The former Fed chair is remembered for taming inflation and transforming monetary policy, but his reputation remains shadowed by the global financial crisis.

Federal Reserve Bank of New York President John Williams said he expects falling energy prices to drive a drop in overall inflation over the next few months, while reiterating the central bank’s policy is in a good place for now.

(Bloomberg) -- Federal Reserve Bank of New York President John Williams said he expects falling energy prices to drive a drop in overall inflation

Americans’ expectations for inflation over the near and medium term rose in June amid strong increases anticipated for medical care costs and rent, according to a Federal Reserve Bank of New York survey released Tuesday.

Federal Reserve Bank of New York President John Williams said that among the drivers of inflation in the US, he’s most focused on demand driven by artificial intelligence. And if that demand persists, it could force the central bank to raise interest rates.

Add Fortune on Google for similar content. Federal Reserve Bank of New York President John Williams said that among the drivers of inflation

El presidente del Banco de la Reserva Federal de Nueva York, John Williams, afirmó que, entre los factores que impulsan la inflación en EE.UU., el que más le preocupa es la demanda generada por la inteligencia artificial. Y si esa demanda persiste, podría obligar al banco central a subir la tasa de interés.

(Bloomberg) -- Federal Reserve Bank of New York President John Williams said that among the drivers of inflation in the US, he's most focused on demand driven by artificial intelligence.

Federal Reserve policymakers again vowed to deliver price stability even as inflation remains well above the central bank’s 2% target, making the pledge in the central bank’s semiannual Monetary Policy Report to Congress that was released Friday in Washington.

The report described growth as solid and productivity as strong, while finding little sign of risk in the banking system.