Fed’s Williams: Some flattening of the yield curve is normal in a tightening cycle

Additional remarks from  New York  Fed  President Williams are crossing the wires as he continues to speak at an event in Buffalo, New York.

• Some flattening of the yield curve is normal in a tightening cycle, but  also because of central bank bond holdings.
• Fed should not ignore the risk of yield curve inversion but may be reasons why it does not give the same signal on recession as in the past.