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Joseph Wang, macro analyst and blogger at Fed Guy, highlights a recent comment from John Williams concerning inflation. Wang points out that Williams expects inflation to go back down to 2 percent in 2024 but also notes that Williams has made similar predictions every year.
Wang previously highlighted higher inflation and lower sentiment as key factors for markets on April 11, 2026, in an earlier note. He has also discussed Warsh’s argument that Fed independence centers on interest rate policy in another recent article. These themes remain relevant as Fed officials continue to comment on inflation expectations.