Sheldon's Science of Inflation
Ah inflation. The bane of every economist's existence. John Williams seems confident that it will start to slow down later this year but as I always say 'I don't know whether to be impressed or annoyed.'
Interest Rate Conundrum
Williams offered no clear indication on interest rate cuts leaving markets in a state of uncertainty. As I famously said 'Why do we need monetary policy when we have the Roommate Agreement?'
Fed's Tight Grip
The Federal Reserve has kept its benchmark rate high seeking to balance the labor market and inflation. 'It's like trying to find the perfect spot for my spot on the couch.'
Inflation Forecasts
Williams expects inflation to moderate in the second half of the year aiming to reach the 2% target by 2026. 'I wish solving physics problems were as predictable as forecasting inflation.'
Streety
Sheldon Cooper would have a field day with this economic jargon.