Fed's Williams Incorporated Some Trump Policies in 2025 Forecast.

Federal Reserve Bank of New York President John Williams has begun incorporating President-elect Donald Trump's proposed policies into his economic forecasts, citing fiscal policy and immigration as key factors. Fed Chair Jerome Powell also mentioned that officials are considering potential fiscal policy changes in their projections. The Fed recently lowered its benchmark policy rate, with policymakers estimating two rate cuts in 2025, reflecting adjustments in inflation projections. Williams expressed optimism about inflation progress, despite recent data showing lower-than-expected inflation gauges. [Extracted from the article]