Fed
Fed's Williams (voter) says the economy has been resilient and growth has been strong, adds US economy is getting stronger but not overheating and that inflation is too high.
ORIGINAL · NewsquawkFed's Williams (voter) says the economy has been resilient and growth has been strong, adds US economy is getting stronger but not overheating and that inflation is too high.Read originalHide original
Says: Inflation is stubbornly persistent and high. Fed has been in a steady cadence of collecting data Fed will need to take actions over time to get inflation back to 2%. Fed still has work to do to get monetary policy to the right place.
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Williams says U.S. growth remains strong while inflation is too high; markets were pricing strong odds of a quarter-point Fed hike at the December 8-9 meeting.
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Says: Inflation is stubbornly persistent and high. Fed has been in a steady cadence of collecting data Fed will need to take actions over time to get inflation back to 2%. Fed still has work to do to get monetary policy to the right place.
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