New York Fed's Williams Expects No Sustained Energy Price Rise, Stresses Inflation Target Commitment

Published: Jul 12, 2026 16:57

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New York Fed President Williams stated that even with another escalation in the Middle East, he does not expect energy prices to see a sustained increase over the remainder of the year. He emphasized that US inflation remains "well above target," and the US Fed will continue to base monetary policy on economic data, remaining firmly committed to bringing inflation down to 2%.

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