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Fed’s Williams Says Rates Will Stay High for a While
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Federal Reserve Bank of New York President John Williams said Tuesday that the U.S. central bank will need to push its short-term interest-rate target to a point where it will restrain the economy and maintain that stance for a while as part of its bid to lower inflation.
“Our focus is on getting inflation back down to 2%” and the current level of price pressures is “far too high,” Mr. Williams said at a Wall Street Journal event.
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