Fed Officials Emphasize 2% Inflation Target Amid Balancing Act

Federal Reserve officials John Williams and Jeffrey Hamak have underscored the central bank’s commitment to achieving a 2% inflation target as soon as possible. While acknowledging the public’s discontent with high inflation, they stressed the Fed’s top priority is restoring price stability. Their comments highlight the ongoing balancing act between economic growth and price stability as the Fed prepares for policy decisions in late 2025.