# Williams Says Fed Has More Work as Inflation Stays Above 2% Goal By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/56895 Published: 2026-11-13T16:49:49.000Z Updated: 2026-11-13T16:49:49.000Z Section: Regulation > Interest-rate futures reflected expectations for quarter-point increases in December 2026, January 2027 and March 2027. October core CPI rose 0.3%, above expectations for a third consecutive month. New York Fed President John Williams said Thursday, Nov. 12, that inflation remains well above the Federal Reserve’s 2% target and officials have more work to do, keeping attention on the prospect of further rate increases. At an event in New York, Williams described recent indicators as showing continued economic strength and a labor market gaining momentum while price pressures persisted. He also said policy should avoid causing unnecessary harm to the Fed’s full-employment goal and that the economy did not appear out of balance. Williams said policymakers would keep assessing economic conditions before their next decision. The Fed raised rates in September after a three-year pause, then held them steady in October as officials reviewed incoming data. October’s core consumer price index, which excludes food and energy, rose 0.3%. The increase came in above expectations for the third straight month, adding to concerns about how quickly inflation will ease. Interest-rate futures reflected expectations for a quarter-point increase at each of the next three meetings: December 2026, January 2027 and March 2027. That pricing describes market expectations; it is not a Federal Reserve decision. Fed officials have differed over the pace of further tightening. San Francisco Fed President Mary Daly said another increase may be needed. Philadelphia Fed President Anna Paulson said gradual additional tightening appeared appropriate. Fed Gov. Christopher Waller had said officials could consider a 50-basis-point increase as early as December if October inflation exceeded expectations. The October inflation reading did exceed expectations. The discussion adds to [the Fed’s recent inflation debate](). Williams said officials would continue evaluating the data before the December policy meeting. ## Links in this article - [the Fed’s recent inflation debate](https://www.tokenpost.com/news/regulation/53175)