New York Federal Reserve President John Williams said that the United States economy is doing well. He thinks that even if oil prices go up and down a lot it will not hurt the United States economy. John Williams said this because the United States is now a producer of energy which helps protect the country from high oil prices.
In the past when oil prices went up it was like a tax on people who live in the United States. They had money to spend on other things, which hurt the economy.. Now the United States is making a lot of its own energy so it is not as affected by high oil prices.
The United States economy has also become more efficient which means it does not need much energy to make things. This is because of technologies that use less energy and because more people are using electric cars and solar power.
John Williams also talked about inflation, which's when prices go up. He said that the Federal Reserve looks at a kind of inflation that does not include food and energy prices because those prices can go up and down a lot. The Federal Reserve wants to keep inflation at around 2 percent. John Williams thinks that the economy is on track to do that.
For 2026 John Williams is optimistic about the economy. He thinks that the economy will keep growing because of things like:
People having jobs and not losing them
New technologies that help businesses make things
The government helping to keep the economy stable
John Williams wants people to be patient and not worry much about oil prices going up and down. He thinks that the United States economy is strong and can handle those kinds of changes. So people should focus on the picture and not worry about the daily changes in oil prices.
