New York Federal Reserve President John Williams, a voter on the Federal Open Market Committee, said on Tuesday he sees disinflationary forces in the US economy and still views one more interest-rate hike as appropriate this year. He framed the case for a September move as starting from risk management, while describing the intended rate path as one aimed at maintaining a balanced economy. He also said he currently sees no need for a rate increase in 2027.<\/p>\n\n
Williams said there were no signs the labour market was contributing to inflation, and that he was not seeing broad price pressure beyond artificial intelligence and energy.<\/p>\n\n
He described AI as the inflation driver he is watching most closely, signalling a focus on technology-related price dynamics even as wider inflation pressures appear to ease.<\/p>\n\n\n\n