Federal Reserve's Williams: Recent economic data has been very good, and inflation has been slowly and gradually declining

ChainCatcher news, according to Jinshi reports, the President of the New York Federal Reserve, Williams, stated that recent economic data is very good. The economy is close to full employment. The labor market is essentially in a balanced state. Inflation has been slowly and gradually declining.

Due to trade issues, economic growth in the first quarter was unusual. Monetary policy is in a good position. The policy is slightly restrictive and in good shape. Some forward-looking indicators have sent concerning signals. Trade is an especially uncertain factor.