U.S. and European central bank officials speak at the same time, drawing attention to interest rates and risks
The president of the Federal Reserve Bank of New York and an ECB policymaker 7discussed monetary policy and risks in succession (local time). Williams assessed monetary policy as appropriate and said the impact of tariffs appeared to be near its peak. Panetta said upside risks to inflation and downside risks to growth coexist.
John Williams, president of the Federal Reserve Bank of New York, and Fabio Panetta, a policymaker at the European Central Bank, 7each assessed monetary policy and risks (local time). From an investor’s perspective, the two remarks serve as references for assessing interest rates and risk factors.
President John Williams said 7in an interview with Fox Business News that monetary policy was in an appropriate position (local time).
He said the future direction of monetary policy would depend on economic indicators and risks, and pointed out that the impact of tariffs appeared to be near its peak.
Governor Williams assessed that inflation remains at a considerably high level. However, he said the decline in energy prices was positive news and believed that further easing in energy prices would help lower inflation.
Fabio Panetta, an ECB policymaker, said at a conference in Rome on the same day, "The outlook remains fragile."
He assessed that upside risks to inflation and downside risks to growth continue to coexist, and said geopolitical conditions, energy markets, supply chains, wages, and inflation expectations must be monitored continuously.
Panetta added that monetary policy should not bind itself to a predetermined path.
Sources: 연합인포맥스
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