Fed's Williams tells Fox Business energy surge will work slowly through economy

NEW YORK, April 2 (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday that monetary policy is “well positioned” amid his expectations that surging energy prices will take some time to impact the economy.

The pass-through of energy prices “typically takes months or maybe a year” to fully impact other prices, and the current situation is being closely watched, Williams said in a Fox Business interview.