Inflation Cooled More Than Expected In June. Now a Fed President Says Price Increases Have 'Peaked'

New York Fed President John Williams said he sees multiple signs that inflation has peaked. (Credit: Getty Images)

New York Federal Reserve President John Williams said he sees multiple signs that inflation has peaked, something that would allow policymakers to refrain from hiking interest rates.

"There are encouraging reasons to expect that inflation has peaked and should edge down in coming quarters," Williams told business leaders.