Fed's Williams: Inflation will come down to about 2% next year and the year after

Author: Adam Button | Category: Central Banks

Comments from the NY Fed President

Comments from the NY Fed President
  • His view is that inflation will come down to about 2% next year and the year after
  • It's hard for businesses to keep up with the reopening
  • It's going to take some time to work through bottlenecks and shortages
  • He would be concerned if higher inflation persisted
  • We're seeing a record number of job openings and shortages of raw materials
  • Businesses that had to cut employment and production are needing to brace to catch up with demand
  • Fed isn't taking a calendar-based approach to interest rates or monetary policy
  • Prices are just adjusting back to normal and won't last that way for years and years
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