New York Fed President Williams projects inflation won't reach 2% until 2028, a year later than his May forecast, as the federal funds rate holds at

Fed forecasts persistent inflation and likely rate hikes by year-end. Inflation below 3.6% in June at 3.2% YES.

In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.

New York Fed President Williams projects inflation won't reach 2% until 2028, a year later than his May forecast, as the federal funds rate holds at