Fed’s Williams: Remains confident Fed getting inflation back to 2%

By Michael S. Derby

(Reuters) – Federal Reserve Bank of New York President John Williams said he continues to believe price pressures are moderating back to the levels targeted by the central bank, in comments made on Sunday.

“I’m confident that we at the Fed are on a path to achieving our 2% inflation goal on a sustained basis,” Williams said, in a video for a Bank for International Settlements conference made public on Monday. The official did not comment on the monetary policy outlook.

(Reporting by Michael S. Derby)