: NY Fed’s Williams says fight against inflation has a ‘way to go’


New York Federal Reserve President John Williams on Tuesday said the fight against inflation could be complicated by a rebound in global growth that increases demand for goods while supply-chain bottlenecks persist. Goods inflation had slowed rapidly toward the end of 2022. Williams said the Fed still has a “way to go” to get inflation back down to its 2% target, a process that could take a “few years.” On Tuesday, the government reported the consumer price index rose 6.4% in the 12 months ended in January. Williams did not comment on the CPI report in his speech to the New York Bankers Association.

This article was originally published by Marketwatch.com. Read the original article here.

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