Despite some signs of easing inflation, underlying price pressures have too much momentum and will likely require a period of higher interest rates, a top Federal Reserve official said Monday
‘Tighter monetary policy has begun to cool demand and reduce inflationary pressures, but our job is not yet done,’ said New York Fed President John Williams
Consumer spending has held up relatively well so far despite inflation, but experts say we’re approaching an inflection point. WSJ’s Sharon Terlep explains the role"elasticity" plays in a company’s decision on whether to raise prices. Photo illustration: Adele Morganunderlying price pressures have too much momentum and will likely require a period of higher interest rates, a top Federal Reserve official said Monday.and falling stock prices, which “have become significantly less supportive of spending,” said New York Fed President John Williams in remarks prepared for delivery Monday.
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