NY Fed’s Williams Says Inflation Increases Becoming Broader Based

NY Fed’s Williams Says Inflation Increases Becoming Broader Based
John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an event in New York on Nov. 6, 2019. Carlo Allegri/Reuters
Reuters
Updated:

Inflation in the United States is becoming more broad based and expectations for future price increases are rising, a trend policymakers will be watching closely, New York Federal Reserve Bank President John Williams said on Thursday.

While some of the price increases seen today are related to the pandemic and imbalances between supply and demand, there have also been increases in other areas such as shelter, Williams said.