Fed’s Williams Says Economy Will Become Longest US Expansion Ever

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  • #19170
    Helmholtz Watson
    Participant

    A hawkish New York Fed President John Williams…

    [article]1237[/article]

    #19176
    Truman
    Participant

    Well Mr Wiliams Mr Trump and Mr Powell Would like to see in their office bright and early tomorrow with a please explain.

    #19178
    MoneyNeverSleeps
    Participant

    What is it with this guys hands?

    #19336
    TradersCom
    Keymaster

    What gets me with the market and Fed how was this a surprise?

    Fed’s Williams says Concerns About Global Growth, China Contributing To Market Volatility – oh and they raised rates 2 days ago

    #19919
    Super Harley
    Participant

    Fed’s Williams out today talking inflation

    In a speech at a forum on monetary policy, sponsored by the University of Chicago Booth School of Business,

    New inflation dynamics mean Fed can safely ‘look through’ transitory inflation shocks
    What is changed is that transitory inflation shocks no longer get embedded in expectations
    Must stay vigilante against sustained takeoff of inflation
    Equally vigilant against too-low inflation
    Persistent inflation undershoot may erode 2% anchor
    Phillips Curve is ‘alive and kicking’

    “inflation persistence has fallen significantly for the CSI (Cyclically Sensitive Inflation) as well. This means that transitory shocks no longer get embedded in inflation expectations, but instead have relatively short-lived effects on inflation,” Williams explained.

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