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Additional comments from New York Fed President Williams continue to cross the wires as he speaks in an interview with Bloomberg.

  • Now worried about inflationary pressures at least for the next year or two.
  • Estimate of neutral rate is a component of rate setting decisions.
  • Says he never takes a ‘pause’ in decision-making process on rates, will adjust views in line with data.
  • If US economy continues on current course, gradual rate hikes is the ‘right path’