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International Business Times
International Business Times
Business

US Inflation Fight To Take Time In 'Highly Uncertain' Environment: Fed Official

New York Fed President John Williams, seen in April 2024, said the Fed's inflation fight will take time to win (Credit: AFP)

The US Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday.

"As we enter 2025, the economy is in a good place," New York Fed President John Williams told a conference in New York, according to prepared remarks. "Growth has remained solid, supported by robust consumer spending."

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