• Doesn’t see risk of inflation overshoot
  • Says very accommodative policy is what’s needed
  • Says FOMC sees gradual rises in interest rates
  • Timing of rises depends on the data
  • Expects rise to occur near mid-2015

It had been so lovely and peaceful with all the jawboners on their jollies but they’ve all come back to work on the same day

:-)

Speaking on BBG this time and was on Fox earlier

San Fran Fed’s John Williams is on the FOMC subs bench this term