Speaking at an event in New York, Williams said consumer
price data released earlier Tuesday showed some moderation in
overall inflation, coupled with ongoing underlying upward
pressures. That, together with other strong data "confirms we
need ongoing increases in the funds rate" to restore balance in
the economy, he said.
(Reporting by Michael S. Derby; editing by Jonathan Oatis)
NEW YORK, Feb 14 (Reuters) - Federal Reserve Bank of New
York President John Williams said Tuesday that recent data keeps
alive the case for more interest rate increases.
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