Fed's Williams: Inflation remains a concern for rate hikes.
TL;DR Summary
New York Federal Reserve President John Williams said that inflation remains "too high" and will take some time before returning to pre-pandemic levels despite a slew of aggressive interest rate hikes. Williams noted that he does not expect inflation to return to the Fed's 2% target until the next two years. He also warned that unemployment is likely to climb to somewhere in the 4% to 4.5% range due to higher interest rates.
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