Fed’s Williams Says More Work Needed to Bring Inflation to Target

Williams' remark keeps the Fed's inflation fight in view, which matters for risk assets that have been leaning on easing expectations. The juxtaposition is telling: a Fed official signaling unfinished business landed alongside softness in Chinese equities, a reminder that macro tightening talk still transmits to non-US markets. The Samsung-Modine item sits outside that thread and reads as corporate rather than macro news. The open question is whether Williams' framing is echoed by other Fed voices, since that would shape how markets price the policy path.