Fed’s Williams Says Rates Will Stay High for a While

Federal Reserve Bank of New York President John Williams mentioned Tuesday that the U.S. central financial institution might want to push its short-term interest-rate goal to a level the place it’s going to restrain the economic system and keep that stance for a whereas as a part of its bid to decrease inflation.

“Our focus is on getting inflation back down to 2%” and the present degree of value pressures is “far too high,” Mr. Williams mentioned at a Wall Street Journal occasion.