Fed’s Williams says inflation too high, targets 2 percent
Summary
New York Fed President John Williams said inflation remains too high after multiple price shocks. Speaking at a European Central Bank conference in Germany, he said it is essential to bring inflation back to the Federal Reserve’s 2 percent target.Key Facts
- John Williams is president of the Federal Reserve Bank of New York.
- Williams said inflation remains too high.
- He said inflation has been too high for too long.
- Williams referred to multiple price shocks.
- He spoke at a European Central Bank conference in Germany.
- The article identifies 2 percent as the inflation target.
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