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John Williams, president of the Federal Reserve Bank of New York, stated that inflation is currently too high and has persisted for an extended period. Speaking at a European Central Bank conference in Germany, he stressed the need to bring inflation back to the target of 2 percent.
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John Williams, president of the Federal Reserve Bank of New York, stated that inflation is currently too high and has persisted for an extended period. Speaking at a European Central Bank conference in Germany, he stressed the need to bring inflation back to the target of 2 percent.
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Fed’s Williams says inflation too high, targets 2 percent
Federal Reserve's Williams emphasizes need to reduce inflation to 2 percent