U.S. economy resilient but inflation too high: Fed's Williams
SPY•New York Fed President John Williams said U.S. economic growth has remained resilient through successive shocks, while inflation is too high and must return to the Fed's 2% target.
1. Williams on inflation
Williams told a European Central Bank conference that U.S. economic growth has remained remarkably resilient in the face of successive shocks. He said inflation had been too high for too long and that bringing it back to the 2% target in a timely and sustained manner was essential.
