Search ForexCrunch

Additional comments from New York President Williams continue to cross the wires with key quotes, via Reuters, found below.

  • Major risks to U.S. economy are global.
  • Financial conditions have partially reversed 2018 decline, but a lot of that is due to Fed.
  • Inflation risks don’t seem to be out there at all right now.
  • I don’t have a particular lean on where rates should go.
  • In a downturn we could consider quantitative easing, negative rates.
  • Cost-benefit tradeoffs of negative rates not as favorable as quantitative easing.
  • No decisions have been made on inflation framework.
  • We’re not trying to achieve high inflation.
  • No answer on when balance sheet normalization will end.
  • Inflation expecations are well behaved but it’s worth considering consequences if below target for an extended period.