More from Fed’s Williams – says that markets seem to understand Fed’s rate guidance

Williams is the president of the New York Fed. As such he has a permanent voting seat on the FOMC each year. 

Comments to media following his earlier speech:

More:

  •  says the economy is on a very good trajectory but we still have a
    long ways to go
  • Fed’s new framework
    is about anchoring inflation expectations at the right level
  • says if actual
    inflation and inflation expectations don’t align the Fed will weigh
    various factors and make a judgment
  • Fed’s monthly asset
    purchases of treasury and mortgage securities are about fostering
    accommodative financial conditions broadly, not just in housing
    market
  • Fed has the tools to
    control short-term rates such as adjusting ioer or the rate on
    overnight reverse repo
  • says adjustments to
    administered rates would not be a change in monetary policy

And that’s how I lost my tie!

Williams is the president of the New York Fed. As such he has a permanent voting seat on the FOMC each year. 

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