Fed's Williams: Fed Far From Achieving Job, Inflation Goals

Federal Reserve Bank of New York President John Williams said monetary and fiscal policy plus vaccines were helping the economy rebound. Photo: carlo allegri/Reuters Federal Reserve Bank of New York President John Williams said Monday that while the U.S. economy is likely to have a very strong year ahead, there isn’t yet an imminent need…

Fed Far
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Photo: carlo allegri/Reuters

Federal Reserve Bank of New York President John Williams said Monday that while the U.S. economy is likely to have a very strong year ahead, there isn't yet an imminent need for the central bank to pull back on its aggressive levels of monetary policy support.

The economy is now positioned to grow quickly and with accommodative financial conditions, strong fiscal support, and widespread vaccinations, I expect that the rate of economic growth this year will be the fastest that we've experienced since the early 1980s, Mr. Williams said in a virtual appearance where he also took questions from the audience and then reporters.

But that level of growth doesn't m

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Read original at The Wall Street Journal | US Business

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