New York Fed President John Williams maintained his view that "the trend in inflation" is "moving slowly down as some of the effects of the tariffs can move into the rearview mirror." In his CNBC interview, he didn't sound like someone itching to raise rates, but does note that "it's important not only that we are on that path" to make progress on inflation, "but we are on that path to do that in the foreseeable future." https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-09-02-2026/card/fed-s-williams-case-for-a-rate-hike-isn-t-yet-firm-f2jadltV4EYnDrnOTNGY(Nick Timiraos)