Nov 9 (Reuters) - Federal Reserve Bank of New York President John Williams cited the relative stability of longer-run inflation expectations as good news on Wednesday as the U.S. central bank continues to work to get price pressures back to the desired level. So far, hikes in the Fed's target rate range, now standing at between 3.75% and 4%, have not lowered price pressures much back to the 2% official target. Fed officials say they believe that public expectations of price pressures in the future exert a strong influence on where inflation is today. He noted that short-term inflation expectations, which have risen, have been the most reactive to incoming inflation data. Williams also noted that uncertainty over the inflation outlook has risen and there have been some curious developments as well.

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