- New York Fed president Williams: There is no argument to move rates at this point
Market news
22 May 2019
New York Fed president Williams: There is no argument to move rates at this point
- Some factors may have been holding down inflation
- Monetary policy is really well-positioned
- Would like to see inflation at 2% for an extended period
- We are around neutral interest rates
- Says he thinks underlying price trends point to inflation being around Feds target
- Inflationary pressures are essentially nonexistent
- Domestic drivers of the U.S. economy are strong, expects growth about 2% this year
- Some risks to global growth have receded
- U.S. economy is still a very good place
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