Fed's Williams: Will move expeditiously to bring rates back to more normal levels

• Resolutely focused on restoring price stability
• We have a "sizzling" hot labour market
• Fed task is difficult but not insurmountable
• Fed actions will cool demand and factors contributing to supply shortages will be resolved
• Fed needs to be data dependent, adjust policy actions as circumstances warrant

It sounds like the string of 50 bps rate hikes is still the right call for the time being at least. Williams also adds that he expects PCE core inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term to be around 4% this year before falling to 2.5% next year. That is likely an outlook shared by most Fed policymakers and how they are going about the outlook for the Fed funds rate at the moment at least.