Federal Reserve Bank of New York President John Williams said policymakers’ projections show they think more work is needed on interest rates to get inflation back down to 2%. “We can take some time and assess and collect more information and then be able to act, knowing that we also communicated through our projections that we don’t think we’re done, based on what we know,” Williams said Wednesday during a discussion held at the New York Fed as part of the annual meeting of the Central Bank Research Association. “And obviously we’re absolutely committed to achieving our 2% inflation goal.” Policymakers held interest ... (full story)