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In an interview with Bloomberg, New York Fed President Williams said that they were not seeing any inflationary pressures.  

Key quotes

  •  Sees continued strong jobs growth, good economic momentum going forward.
  • Not seeing any inflation at all.
  • Rise in bond yields reflects strong US economic data, not worries about inflation.
  • We don’t really know  what the neutral rate is.
  • We have a ways to go to get to neutral rate.