- New York Fed President Williams: Fed must be flexible in its response to information on economy
Market news
4 September 2019
New York Fed President Williams: Fed must be flexible in its response to information on economy
- Says revisions to payrolls and GDP suggest momentum less robust
- He is ready to act as appropriate to support economy and return to 2% inflation; carefully watching inflation
- Economy is in a good place but he is focused on persistently low inflation, deflationary pressures from abroad
- Fed's policy actions and communications have helped ease financial conditions and could sustain expansion
- His number one goal is to keep US economic expansion on track
- Consumers are robust but manufacturing data is weakening
- Cites Brexit and eurozone as a particular concern
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