Fed’s Williams on Yahoo! News says:
- it’s early days in figuring out impact of tariffs
- there is still a lot of uncertainty around tariffs, details matter
- need to watch data to measure impact of tariffs
- full impact of tariffs can play out over long horizon.
- Tariffs will impact prices
- consumers goods should see quick pass through from tariffs.
- Intermediate goods could see slow impact from tariffs.
- There is definitely a risk to inflation being higher that Fed forecasts.
- My forecast is that inflation will be relatively stable this year with upside risks.
- Uncertainty is very high right now more concerns about slowing economy.
- Growth and inflation risks are both very important.
- Will not predict odds of recession, economy is currently very solid amid good job market.
- Will not discount week survey and anecdotal data.
- Uncertainty appears to be impacting behavior.
- Fed will not allow high inflation to take root.
- Fed will achieve inflation goals while being attentive to job mandate.
- Expects economy will continue to grow but slower than last year.
- Economy does not have stagflation right now.
- Expects economy will continue to grow but slower than last year.
- Monetary policy has been really well-positioned.
- The current level Fed policy is well-positioned.
- Fed has the ability to collect more information before changing policy.
- Fed needs to follow what it learned from data..
- Does not know exactly where monetary policy needs to be over remainder of years..
- Fed needs to keep longer run inflation expectations anchored.
- Longer run inflation expectations have been anchored.
- Fed balance sheet drawdown slowdown was natural next step
This article was written by Greg Michalowski at www.forexlive.com.
