Fed’s Williams: We’re on track to get where we need to be

  • Says 6-7% is “definitely not my baseline”, but will depend on the data
  • There are favorable things going on, city supply chains and commodity prices
  • We see inflation of 3 to 3.5% next year
  • Inflation is still high in basic services and is likely to be persistent
  • We are clearly not in a recession right now
  • We are going to have a modestly growing economy next year

  • I don’t think we’ve lost our credibility at all

The latter is exaggerated.

This article was written by Adam Button at www.forexlive.com.


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