Federal Reserve Bank of New York President John Williams said the central bank is not done raising its short-term rate target, in an interview with the Financial Times published on Tuesday. “We've indicated through our projections and our communications that we think we still have some ways to go to get the policy to this sufficiently restrictive stance to get inflation to 2%. All of those reflect a commitment to get price stability not in over 10 years, but over a few years,” Williams told the newspaper in a transcript of his interview. Williams did not put any numbers on how much tightening he expects from the Fed ... (full story)