- Inflation to peak mid-year, then edge down
- CPI 2.25% this year, 1.25/1.5% next year
- Surge in commodities causing serious concern but unlikely to last
- Fed has been preparing a plan to remove stimulus when conditions warrant
- Fed committed to low and stable inflation
Williams, the former head of research at the San Francisco sounds very much in sync with his predecessor, current Fed vice-chairwoman Janet Yellen…
