Fed's Williams: Fed is not willing to accept very high inflation, or persistently high inflation

The Federal Reserve's Williams has stated that the US economy has started to recover, but said it is 'nowhere near where we want to be''.

Key comments

The economic outlook is ‘highly uncertain’.

Fiscal policy actions can be very helpful in the short-run.

Some parts of the economy have not recovered nearly as much; target fiscal support would be helpful.