NY Fed's Williams Says Inflation Could Finally Be Turning the Corner, But Warns the Fed Is Prepared to Act Again if It Doesn't Reach 2%
NY Fed President John Williams expects inflation to ease but says the Fed is prepared to raise interest rates if needed.
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Why It Matters
A top Fed leader thinks prices might stop rising so fast, which is good news. But he also says they're ready to make borrowing more expensive again if prices keep going up too much.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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