Fed's Williams: Wants inflation to hit 2%, does not want to undershoot

Dovish comment from Williams

This is an important comment because it makes him more likely to wait and see for longer. Williams has been pressured by questions about the Fed missing its target for years. There is a move afoot to stop forecasting 2% inflation and acting as if it's a done deal. And instead waiting for it to 'prove' itself then acting. You can find yourself behind the curve in that kind of a scenario but I think the Fed believes it can reign in inflation if it comes.