Fed Official Says Inflation Fight Will Take Time, Despite Signs of Progress

Wall Street Journal, Oct. 4, 2022–Nick Timiraos (subscription)
Bringing inflation down from 40-year highs is likely to take time and will require a slowdown in economic growth and reduced demand for workers by employers, a Federal Reserve official said Tuesday. Those efforts are showing tentative signs of progress, said Fed governor Philip Jefferson, in his first public remarks since taking office in May.
https://www.wsj.com/articles/fed-official-says-inflation-fight-will-take-time-despite-signs-of-progress-11664898319?mod=hp_major_pos1#cxrecs_s