Fed's Williams Says Inflation Is Too High and Must Return to 2%
New York Fed President John Williams said U.S. growth remains resilient and the labor market remarkably stable despite successive shocks, while inflation remains too high.
US economic growth has remained resilient and the labour market is remarkably stable despite successive shocks, but inflation is too high and must be brought back to 2%, New York Federal Reserve President John Williams said on Friday.Inflation has soared across the world, mostly as the US war on Ir…