Fed's Williams, Dudley Stress Soft Ceiling on Inflation Goal
- Williams says he’s ‘comfortable’ letting inflation exceed 2%
- Dudley says too early to declare victory on firmer prices
Fed's Dudley Sees 'Pretty Good' Economic Outlook Ahead
This article is for subscribers only.
One of the Federal Reserve’s most senior officials and his incoming successor both said that overshooting the U.S. central bank’s 2 percent inflation target for a time is nothing to worry about because the central bank has been below the goal for so long.
“I’ve said it many times: being a little above 2 percent after being below 2 percent for many, many years is not a problem,” New York Fed President William Dudley said Friday during an interview with Bloomberg Editor-in-Chief Emeritus Matthew Winkler.