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New York Fed President John Williams strongly backs Fed's hawkish stance
Yesterday, New York Fed President John
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Yesterday, New York Fed President John Williams strongly supported the Fed's hawkish stance, saying that the current level of rates has a good chance of returning inflation to target. "Given the elevated level of inflation, it is imperative that we restore it to our 2% longer-run goal on a sustained basis," his prepared remarks said. "The current stance of monetary policy is well positioned to do that." Williams explicitly described inflation as unquestionably high and listed three sources: tariffs, an energy
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Jakub Novak,
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