[federal Reserve Williams: the US economy still faces unacceptably high inflation] on May 17th, Federal Reserve Williams said that the US economy is still plagued by unacceptably high inflation; the US economy is returning to the normal model; it is beginning to see a return to balance between demand and supply; the US economy is expected to continue to grow this year; inflation is gradually moving in the right direction. It will take a while for the Fed's decisions to fully affect the economy.