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MNI BRIEF:Price Expectations Consistent With Fed Goal-Williams

(MNI) WASHINGTON

New York Fed President writes article for BIS publication.

Longer-run U.S. inflation expectations have stayed remarkably stable at levels consistent with the Federal Reserve's 2% goal, notwithstanding decades-high inflation over the last few years, New York Fed President John Williams said Tuesday in a new BIS publication.

"Recent news about the long-run anchoring of inflation expectations in the United States is mostly reassuring," he said in one chapter. Still, Williams said there is evidence of increased uncertainty about longer-run inflation.

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Longer-run U.S. inflation expectations have stayed remarkably stable at levels consistent with the Federal Reserve's 2% goal, notwithstanding decades-high inflation over the last few years, New York Fed President John Williams said Tuesday in a new BIS publication.

"Recent news about the long-run anchoring of inflation expectations in the United States is mostly reassuring," he said in one chapter. Still, Williams said there is evidence of increased uncertainty about longer-run inflation.

Keep reading...Show less