Fed's Williams: Inflation still 'too high,' Fed will act to lower it
Federal Reserve Bank of New York President John Williams said Wednesday that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity.
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### Instruction: Fed's Williams: Inflation still 'too high,' Fed will act to lower it

### Response: Federal Reserve Bank of New York President John Williams said Wednesday that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity.