Fed's Williams: No Second-Round Inflation Effects Visible, No Rate Change Case on May 15

According to Federal Reserve Vice Chair Lael Williams, the U.S. central bank has not yet observed significant second-round inflation effects, and the transmission of tariff impacts to the broader economy appears largely complete as of May 15. Williams stated there is currently no clear rationale for either raising or lowering interest rates at this time. His remarks suggest the Fed is maintaining a wait-and-see stance amid persistent inflation concerns and an economy showing resilience.
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