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“Imperative” to return inflation to 2% target

Federal Reserve (Fed) Bank of New York President John Williams said in a speech released by text on Thursday that monetary policy remains “well positioned” for the current economy, while warning that inflation may take longer to return to the Fed’s 2% target than previously expected.Key takeaways:Williams pushed back the expected return to the Fed’s 2% inflation target from 2027 to 2028.He reiterated that monetary policy is “well-positioned” for the current economic environment.Williams expects inflation…

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