2 percent

The Bond Buyer

Editorial Team

February 22

Federal Reserve Bank of New York President John Williams voiced concerns that inflation expectations may have slipped downward after years in which price rises have failed to reach the central bank’s 2% target.

“We have seen some worrying signs of a deterioration of measures of longer-run inflation expectations in recent years,” Williams said Friday in the text of a speech he’s scheduled to deliver in New York. “The risk of the inflation expectations anchor slipping toward shore calls for a reassessment of the dominant inflation targeting framework.”

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