New York Fed President John Williams defends 2% inflation target for price stability and prosperity.
New York Federal Reserve Bank President John Williams defended the 2% inflation target, emphasizing its importance for achieving price stability and ensuring economic prosperity. He highlighted the significance of transparency and clear communication, including setting an explicit, numerical long-term inflation target. Williams' comments come amid calls for the Federal Reserve to reassess its approach to policy guidance, setting, and communication.
May 04, 2024
8 Articles