Fed Official Williams Says US Inflation Remains Too High

New York Fed President John Williams stated that US inflation remains too high and must return to the two percent target. He noted that economic growth is resilient despite recent shocks.

FILE PHOTO: New York Federal Reserve Bank President John Williams speaks to Economic Club of New York, in New York City, U.S., May 30, 2024. REUTERS/Andrew Kelly/File Photo

Economic growth in the United States remains resilient, but inflation is too high and must return to 2%, New York Federal Reserve President John Williams said Friday morning.