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NY Fed’s Williams says fixed income households more affected by high inflation -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: John Williams is the chief executive officer of Federal Reserve Bank of New York at an event that took place in New York on November 6, 2019. REUTERS/Carlo Allegri/File Photo

(Reuters) – Inflation does not impact all households in equal amounts, and people with fixed incomes are more affected, John Williams of New York Federal Reserve Bank stated Friday.

Williams spoke during a Webinar hosted by the New York Fed. Williams indicated that “there are certainly segments…of our labor force, economy that are more protected than others against inflation.” People on fixed incomes have a lower protection against inflation.

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