Fed's Williams says central bank has 'work to do' to get inflation back on target
TLT•New York Fed President John Williams said rate increases likely lie ahead as the central bank seeks to bring persistent inflation back to its 2% goal.
1. Inflation remains persistent
Williams said the economy is strong, the labor market continues to strengthen and inflation is persistent. He said the Fed will need to take actions over time to return inflation to 2% in a timely and sustained way, adding that monetary policy still has “work to do.”
