Fed's Williams says the Fed is absolutely committed to getting inflation back to 2%

Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term Bank of New York President John Williams:

"Our job is clear: our job is to make sure we restore price stability, which is truly the foundation of a strong economy,"

• 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is a foundational target
• price stability is an absolute imperative
• Fed is absolutely committed to getting inflation back to 2% over the next few years
• while goods' prices have come down in the last several months there are signs not as quickly as hoped
• we have demand exceeding supply, the labour market is extraordinarily strong
• monetary policy must bring demand and supply back into balance
• don't want to allow inflation expectations anchor to slip

Williams has a vote on the Federal Open Market Committee (FOMC), the President of the NY Fed has a permanent vote on the FOMC.

He also acts as Vice Chair of the committee - Powell is the Chair