MNI BRIEF: Williams Is Confident Fed Getting Inflation Back To 2%
Federal Reserve Bank of New York President John Williams said he continues to believe prices are moderating and on a path back to the levels targeted by the central bank, according to video remarks released Monday.
"I'm confident that we at the Fed are on a path to achieving our 2% inflation goal on a sustained basis," said Williams, in a Bank for International Settlements panel. (See: MNI INTERVIEW: Fed Will Stay Patient On Rocky Road To 2%-Evans)
William's remarks came Sunday and were released in a video by the BIS Monday. The panel discussion among global policymakers focused on central bank frameworks and principles. Williams said: "We didn't see these events coming -- the war, the pandemic -- but the frameworks and the foundations we put in place beforehand were the things that actually served us incredibly well."