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New York Federal Reserve President John Williams said Monday that surveys showing the Fed would raise rates gradually after liftoff are "consistent with our [the Fed's] framework."
Williams comments come as ex-New York Fed President William Dudley told MNI last week that when the Fed does start tightening "they're going to have to go relatively quickly" to perhaps above 4%. Williams spoke to reporters on a call after a speech to the Women in Housing and Finance 2021 Annual Symposium where he said the economy is far from the Fed's goals despite signs of a strong recovery.