Federal Reserve Williams: Uncertainty will continue to be a decisive feature of monetary policy arrangements.
Federal Reserve's Williams said on Friday that currently there is high uncertainty and it will continue to persist for some time. Williams said, "We are experiencing a moment filled with uncertainty and change." "Without a doubt, in the foreseeable future, uncertainty will continue to be a decisive feature of the monetary policy landscape," Williams said, "This is a direct result of structural changes in the global economic environment, such as changes brought about by artificial intelligence, deglobalization, and financial system innovation." Williams did not comment on the economic outlook or monetary policy. He also stated that central bank independence can lead to better outcomes.
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