Fed’s Williams: Uncertainty in the economy has risen dramatically

Additional comments from  NY Fed President John Williams continue to cross the wires with key quotes found below.

• Good data is how we make our decisions and we don’t have some data due to shutdown.
• Will see rebound in GDP after shutdown ends.
• Shutdown could affect consumer spending, take half a percent or a percent off GDP growth.
• Shutdown does have significant impact on Q1 growth  
• Uncertainty in the economy has risen dramatically.