Central Banks


Fed’s Williams: We’re not seeing inflation pressures




Dovish stuff on Bloomberg TV

  • We’re not seeing any inflation at all

  • Sees good economic momentum going forward; sees a strong economy

  • I see continued strong jobs growth

  • Sees earnings grow, jobs grow and stable inflation

  • “This is a bit of a goldilocks economy”

  • The relationships between inflation and unemployment is more tenuous than believed

  • We’re going to see the unemployment rate continue to edge down

  • I’d expect to see some rise in wages going forward

  • I’m not worried about inflationary pressures at least for the next year or two

  • We don’t really know what the neutral rate is

  • ‘We have a ways to go’ to get to 3% rates

  • We just want to keep this economy strong and keep inflation near 2%

  • Inflation doesn’t bother me if it was ‘a few tenths’ about 2% it wouldn’t bother me

  • Inflation expectations are really well anchored

  • See US GDP growth at or above 3% in 2018, 2.5% in 2019

  • Expect inflation to pick up a tenth or two

  • Yield curve move is ‘normal pattern’; not saying we’re at risk of recession

  • The economy is on a pretty strong run right now

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