Fed's Williams Expects Inflation to Ease, Says Fed Will Act if It Doesn't

3-line summary

• New York Fed President John Williams said he remains optimistic that inflation pressures are on track to ease gradually, but the Fed will not hesitate to respond with rate hikes if they don't, according to a Reuters report.
• Williams said he strongly supported last week's FOMC decision to hold the federal funds rate steady at 3.50%-3.75%, per the report.

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