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MNI BRIEF: Recent Data Suggest More Tightening-Fed's Williams

(MNI) WASHINGTON

Federal Reserve Bank of New York President John Williams said Wednesday recent data showing too high inflation and a resilient consumer suggests the Fed will have to continue to tighten monetary policy.

"Do we have more to do on monetary policy? I think the incoming data support that hypothesis," Williams said during a Q&A with the Central Bank Research Association.

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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