Federal Reserve officials, hammering home an unapologetically hawkish message, said that they won’t relent on tighter policy until inflation is under control. New York Fed President John Williams, San Francisco Fed chief Mary Daly and Cleveland’s Loretta Mester all stressed the central bank’s commitment to lowering inflation back to their 2% target and the need for clear evidence of easing price pressures. “We’re going to have to do what’s necessary,” Williams said Friday during an interview on Bloomberg Television with Kathleen Hays. Referring to the central bank’s forecast that rates will peak above 5% next year, ... (full story)