Williams Eyes 2% Inflation by 2028 | US News

US News Today | 2 Min News | The Daily News Now! · Aug 3, 2026 · 1m

New York Fed President John Williams remains optimistic about inflation cooling steadily, forecasting a continued decline this year and next, aiming for the 2% target by 2028. He reaffirmed the Fed’s current rate stance as appropriate, warning that if inflation doesn’t move toward target, rate hikes won’t be off the table. Despite recent inflation data showing persistent pressures—driven by global events and AI investment—the Fed held rates steady last week, a decision Williams fully backed. He believes geopolitical tensions, especially in the Middle East, may ease quickly once resolved…