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Fed's Williams: Current modestly-restrictive policy is 'entirely appropriate'

  • Current rate fits with ‘solid’ jobs market and above-target inflation
  • There is a lot of uncertainty in economy and policy right now
  • Expects growth to slow in part due to lower immigration
  • Economic data has been sending mixed signals
  • Data shows that the public believes near-term inflation will dissipate
  • Hard to know how economy is going to perform, many different paths possible

This doesn’t say much that Powell didn’t say.

This article was written by Adam Button at www.forexlive.com.

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