The U.S. central bank will tame inflation, said New York Fed President John Williams on Wednesday.
A leading U.S. central banker vowed Wednesday that the Federal Reserve will return inflation to its 2% target.
“We are going to tame inflation. We’re absolutely committed to getting inflation back to 2% over the next few years,” Williams said at an event in New York sponsored by several top economic institutions and Columbia University. “But at the end of the day, our job is clear. Our job is to make sure that we restore price stability,” he said.There is no confusion about “who owns the goal and the absolute importance” of the need to get inflation down, Williams said, calling that fact the “secret sauce” behind the effort to tame inflation.
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