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- New York Fed president Williams: Fed has ability to respond in case inflation gets too high a level - WSJ
New York Fed president Williams: Fed has ability to respond in case inflation gets too high a level - WSJ
- Says Fed's bond-buying is an important part of monetary policy
- It is designed to help the economy recover from the pandemic impact
- Does not see higher valuations in stocks, housing market as being a significant risk to financial stability right now
- Expects inflation to rise above 2% this year but likely will be temporary
- Not going to draw a line on how high inflation could rise to prompt policy change
- Sees need for strong monetary policy support to ensure recovery
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