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Williams: Inflation is far too high and is the no. 1 concern
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FED'S WILLIAMS: U.S. LIKELY TO SEE NEARLY FLAT GDP THIS YEAR
— *seven (@sevenloI) October 3, 2022
WILLIAMS: PERSISTENTLY HIGH INFLATION UNDERMINES ECONOMY'S POTENTIAL
WILLIAMS: BROAD UNDERLYING INFLATION WILL TAKE TIME TO LOWER
WILLIAMS: LABOR DEMAND STILL OUTSTRIPPING SUPPLY
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A Bedrock Commitment to Price Stability
Thank you for that kind introduction. I'm so pleased to join you today. As business leaders and business owners, you are integral to the U.S. economy. So, it's fitting for me to have this opportunity to talk to you about the state of our economy, as well as a topic that's on everyone's mind: inflation. From Main Street to Wall Street—and to Liberty Street, where the New York Fed is headquartered—inflation is the No. 1 concern. Clearly, inflation is far too high, and persistently high inflation undermines the ability of our economy to perform at its full potential. The Federal Reserve has two goals: maximum ... (full story)
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FED'S WILLIAMS: FALLING COMMODITY PRICES AND A HEALING SUPPLY CHAIN WILL NOT REDUCE INFLATION TO 2%.
— Breaking Market News (@financialjuice) October 3, 2022