Central Banks

Fed’s Williams says central bank adheres to mantra of data dependency

More comments by Williams as he’s being interviewed by Bloomberg

  • Fed is constantly assessing the situation
  • Need to get inflation to 2% and keep it there
  • Says US economy is ‘steaming through the current patch’
  • US data has been better than expected
  • But notes that there are downside risks to global growth
  • Tariffs are like a negative supply shock
  • Says tariffs effect on inflation could be significant

ForexLive

It’s basically an echo of his remarks here but phrased in a different manner. As mentioned earlier, he’s not offering us anything new that we don’t already know about the economy and the Fed’s current stance.

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