Fed Williams: the Fed has the ability to bring inflation back to its target of 2%

[Fed Williams: the Fed has the ability to bring inflation back to the target level of 2%] on May 10, Fed Williams said that the Fed has the ability to bring inflation back to the target level of 2%. The US economy is likely to still have more growth potential; there is a chance to strike a balance between inflation and employment prospects; and the credit contraction is expected to have an impact on economic growth. The outlook for the impact of tight credit conditions remains uncertain.