Fed’s Williams: Use of ‘judges’ in FOMC statement suggests more open to adjustments to policy path

Additional comments from New York Fed President Williams’ interview with CNBC continue to cross the wires.

Key quotes

• Expects to continue trimming balance sheet assuming economy remains on expected path.
• Use of ‘judges’ in FOMC statement suggests more open to adjustments to policy path.
• Plan to stay on path assumes economy stays strong.
• Concerns about global growth, China contributing to market volatility.
• We are ‘very attuned’ to possibility that outlook may change  in coming months.