New York Fed President Williams: Inflation to Peak Within Two Months if Strait of Hormuz Reopens

New York Federal Reserve President John Williams said recently that if the Strait of Hormuz reopens, U.S. inflation will peak within two months. Williams, who holds a permanent voting seat on the Federal Open Market Committee, noted that policymakers remain concerned about inflation's persistence. He added that the economy continues to grow solidly and employment conditions remain stable.
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