Williams, the FOMC's permanent vote commissioner, said there were many signs that inflation would continue to subside, but it would "take time" for the Fed to consistently achieve its 2% target. Click to view...
Federal Reserve Chairperson Jerome Powell said the Fed would do better on inflation if it remained independent. The Fed needs to maintain a high degree of transparency, which requires the Fed to remain independent. There has been a strong response to inflation, which has helped anchor inflation expectations. Mr. Powell said the Fed does not consider the interests of any political party when making decisions. Politics could be a distraction.