Fed’s Williams: Expect inflation to rise above 2% this year but likely will be temporary

New York Fed President John Williams said in an interview with the Wall Street Journal (WSJ).

Fed's bond-buying is an important part of monetary policy.

It is designed to help the economy recover from the pandemic impact.

Does not see higher valuations in stocks, the housing market as being a significant risk to financial stability right now.

Not going to draw a line on how high inflation could rise to prompt policy change.

Fed has the ability to respond in case inflation gets too high a level.

No signs that bond buying is creating financial sector imbalances.

developing story ...