FRB inflation target achieved, “there is still a way to go” = NY Fed President
July 5, 2024 at 7:53 PM GMT+91
New York Federal Reserve President Williams said on the 5th that the Federal Reserve (FRB) has made significant progress toward achieving the 2% inflation target, but there is still a way to go.
Mr. Williams stated in his lecture manuscript for the Reserve Bank of India event to be held in Mumbai that “significant progress has been seen in the decline in the inflation rate,” and then said, “However, there is still a way to achieve the 2% target on a sustainable basis. I'm determined to get this job done,” he said.
“For the time being, uncertainty will continue to be a clear characteristic of the monetary policy environment,” he said.
Mr. Williams stated in his lecture manuscript for the Reserve Bank of India event to be held in Mumbai that “significant progress has been seen in the decline in the inflation rate,” and then said, “However, there is still a way to achieve the 2% target on a sustainable basis. I'm determined to get this job done,” he said.
“For the time being, uncertainty will continue to be a clear characteristic of the monetary policy environment,” he said.
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