Adam had comments from Williams posted Thursday:
He’s also popped up his speech, full text here: Eclipse
In here he has raised his inflation forecast:
- I expect overall PCE inflation to be 2-1/4 to 2-1/2 percent this year, before moving closer to 2 percent next year.
Is there still debate on the possibility of a June rate cut? Its not gonna happen. Read the t-shirt!
As head of the NY Fed Williams is vice chair of the Federal Open Market Committee (FOMC) and has a permanent vote on the Committee.
This article was written by Eamonn Sheridan at www.forexlive.com. Source