Exclusive-Fed's Williams expects inflation to ease, says Fed will act if it doesn't

Federal Reserve Bank of New York President John Williams stated that interest rates are currently well positioned. He expects inflation to ease during the second half of the year. However, Williams emphasized that the Fed will take necessary action if inflation does not decline as anticipated. These statements highlight the central bank's readiness to respond to economic data to ensure inflation targets are met while maintaining the current stance on interest rates for the time being.