New York Fed President John Williams said inflation remains too high and the Federal Reserve still has work to do to get monetary policy to the right place, reinforcing expectations that the central bank will keep raising interest rates. Speaking on a panel at a UC Berkeley alumni event in New York on Thursday evening (2330 GMT), Williams described inflation as stubbornly persistent. He said the Fed will need to take action over time to bring it back to its 2% target. Williams was confident about the economy. He said it has been resilient and growth has been strong, and that the US economy is getting stronger but is ... (full story)