New York Fed president Williams sees inflation remaining above 3% in a year

 Inflation using the Fed’s preferred gauge, the personal-consumption-expenditures price index, rose 6.2% in the 12-months ended September. 

Mr. Williams said he expects the inflation rate to slow to between 5% and 5.5% by the end of this year, and to between 3% and 3.5% next year.

WSJ 28 November 2022 

https://www.wsj.com/articles/fed-officials-discuss-outlook-for-inflation-interest-rates-11669654763