“I don’t see any signs that we’re not having the desired restricted effect on demand that’s helping us achieve our goals.”

New York Fed president John Williams commenting on the March inflation report that showed inflation creeping back up. He added, “There are ‘definitely circumstances’ that would merit raising interest rates, such as inflation moving materially higher, but the current trajectory doesn’t fit that.” Read the CNN article, “The Fed Might Not Be Done Raising Interest Rates Just Yet.”