Fed’s Williams:
- Inflation is come down quite a bit.
- Still has a ways to go getting inflation back to target.
- Will “stick at it” to get inflation back to target
- At some point it will make sense to lower rates
- Fed needs restrictive monetary policy for a while to cool inflation
- The path of monetary policy depends on the data
This article was written by Greg Michalowski at www.forexlive.com. Source