Chief Executive of New York Federal Reserve, John Williams, estimated on Monday that the American economy hasn’t improved enough to pair the stimulus policy brought by the Biden administration. Commenting about the economic forecast, Williams said he expects inflation to reach 3% in 2021 before returning to the targeted 2% range over the next two years. Furthermore, he said the US economy will grow around 7% this year. Williams also touched on the topic of interest rates, insisting the accommodative policy will globally continue even after the end of the coronavirus pandemic. Nick Note: the truth is no one knows what the FED will do with interest rates. At best its a guess. Here is the dilemma. Opening is slowing globally with the new variant. And if the public goes into inflation hysteria wither real or imagined the FED will have to react. The truth here is their is a fly in the ointment that has me VERY conserned. Its the variant from India. Its infecting fully vaccinated people and its killing them. I am seeing spreading lockdowns again. And my great fear is its about to hit the US. And if this happens all bets are off….