FED'S WILLIAMS SAYS IT IS IMPERATIVE TO GET INFLATION BACK TO 2% AND THAT THE FED MUST MAKE SURE HIGH INFLATION DOES NOT BECOME ENTRENCHED, WHILE FED POLICY CAN ENSURE THE IMPACT OF SUPPLY SHOCKS IS

NOT LONG-LASTING, SEEING INFLATION AT 3.5% THIS YEAR BEFORE HITTING THE 2% TARGET IN 2028.

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