Fed’s Williams: arguments for adding policy accommodation have strengthened over time


 Fed’s Williams has been crossing the wires today and came with additional comments as follows:

  •  Arguments for adding policy accommodation have strengthened over time.
  • Uncertainties around trade, global growth have not improved.
  • Not seeing uncertainties shifting in a positive direction.
  • Market expectations of rate cuts are showing up in easier financial conditions.
  • Data suggests labour mkts aren’t as tight as he used to believe.
  • Says his view of the natural employment rate has been lowered.
  • Issues facing fed include uncertainties around us. economy, growth going forward, infl. below goal.
  • Carefully watching inflation, including possibility of infl. expectations falling.
  • Sees us interest rates as neutral.

Fed Williams earlier comments:

Federal Reserve’s Williams: Growth outlook outside the U.S. has dimmed

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