Comments from Williams:
- Key issue for monetary policy is managing risks and uncertainties
- Downside economic risks and upside inflation risks both ‘very high’
- Current forecast path ‘looks reasonable’
- Fed has gotten more clarity on Trump policy agenda
- Can’t say yet what the clear impact of tariffs will be on inflation
- UMich inflation expectation data is an outlier
- It has become harder to forecast the outlook right now
I would love to know what clarity they have gotten on the Trump policy agenda.
This article was written by Adam Button at www.forexlive.com.