Fed's Williams: Inflation Moving in the Right Direction

The video discusses poll results on rate decisions, highlighting that 35% favor raising rates while 45% prefer holding. It emphasizes the importance of upcoming meetings and data analysis before making decisions. The current economic conditions show improvements in the labor market and inflation moving towards the 2% goal. The monetary policy is currently in a restrictive stance, effectively balancing demand and supply. Future policy actions will depend on ongoing data analysis to ensure continued progress in economic stability.

What actions have been taken regarding monetary policy over the last year and a half?

What is the importance of being data dependent in economic policy as mentioned in the text?