New York Fed’s Williams says long-term inflation expectations are anchored

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In a speech in Zurich, Switzerland, New York Fed President John Williams hailed how anchored long-term inflation expectations were. He drew on data including the survey of professional forecasters, the breakeven inflation rates implied by U.S. Treasury securities, the University of Michigan’s consumer sentiment survey and the New York Fed’s survey of consumer expectations. “The news is mostly good — longer-run inflation expectations in the United States have remained remarkably stable at levels broadly consistent with the FOMC’s longer-run goal. Inflation uncertainty has increased, but this does not appear to be due to unmoored longer-run expectations,” he said.

This article was originally published by Marketwatch.com. Read the original article here.

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