Fed's Williams: Inflation too high for too long
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John Williams, the President of the Federal Reserve Bank of New York, spoke on Friday regarding inflation. He stated that inflation levels have remained too high for an extended period. He emphasized the need to reach a 2% target. This goal should be achieved in a timely manner.
United States Federal Reserve Bank of New York President John Williams said on Friday that inflation has been too high and persistent for an extended period, stressing that it is necessary to achieve the 2% target "in a timely manner."