Federal Reserve Vice Chairman John Williams emphasized the critical role of central banks in controlling inflation during his recent remarks. He reiterated the Federal Open Market Committee's (FOMC) commitment to achieving a 2% inflation target, stating that price stability is essential for financial stability. Williams also noted that longer-run trends affecting the neutral interest rate, referred to as R-star, remain intact, underscoring the ongoing challenges in monetary policy. His comments reflect a broader commitment within the Fed to address inflationary pressures and maintain economic stability.