Home Banking & Finance NY Fed chief defends central bank’s handling of inflation crisis Banking & FinanceEconomyLatest NewsPremium ContentThe Business JournalsWestchester NY Fed chief defends central bank’s handling of inflation crisis By Phil Hall - May 21, 2022 “The primary focus of monetary policy is to turn down the heat and restore price stability,” Williams said. This content is for Westfair Online members only. Please Sign in / Join to view this content. Become a member by Registering Here.