Central Banks
Fed’s Williams Says Inflation Job Not Done Despite Progress
- Fed still has work to do in bringing inflation down to 2% goal
- New York Fed president speaks at event in Mumbai Friday
John Williams
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Federal Reserve Bank of New York President John Williams said that while inflation has cooled recently toward the Fed’s 2% target, policymakers are still some distance from their goal.
“Inflation is now around 2-1/2%, so we have seen significant progress in bringing it down. But we still have a way to go to reach our 2% target on a sustained basis,” Williams said at event hosted by the Reserve Bank of India in Mumbai on Friday. “We are committed to getting the job done.”