Federal Reserve Bank of New York President John Williams says interest rates are well positioned despite concerns over war in the Middle East affecting global supplies. The conflict could lead to a “large supply shock” that boosts inflation but also hurts economic activity, already causing disruptions in energy and related goods.
Source: https://www.bloomberg.com/news/articles/2026-03-30/fed-s-williams-says-policy-well-positioned-amid-supply-shock