June 24 (Reuters) – The time has not yet come to touch interest rates, as the US economy is still far from reaching full employment, said John Williams, chairman of the Federal Reserve on Thursday. New York.
“Once the recovery is more complete and the economy is in a very good position then we can go back to low interest rates and bring them back to more normal levels,” said John Williams at a conference. online hosted by the College of Staten Island.
“This is not the time now because the economy is still far from full employment,” he said, adding that the United States still lacked about 7 million jobs compared to the period preceding the pandemic.
He said the recent rise in prices is unlikely to continue, with inflation expected to drop to around 2% next year. (Report Jonnelle Marte, French version Laetitia Volga, said by Nicolas Delame)
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