Fed's Williams: US Inflation Too High, Too Persistent
Tiger Newspress11-06 17:40
Fed's Williams said the US labor market is unusually stable and robust and the economy has shown surprising resilience with stronger growth. He said current US inflation is too high and has persisted too long.
Energy-driven price rises are feeding through into airfares as expected; AI has had only limited impact on chip prices; tariff pass‑through has largely run its course.
WILLIAMS said the Fed must bring inf down to 2% in a timely manner.
Fed's Williams said the labor market is unusually stable and robust.
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