Williams spoke with reporters after his speech:
- No need to rush rate hikes but we don’t want to be behind the curve
- Decline in Dec CPI not a big surprise
- Sluggish wage growth a sign we don’t yet have tight labor market
- See global economy as ‘the big negative’ for US
- Low bond yields not about US, about weakness abroad
- Drop in market-based US inflation expectations does not reflect state of US
Williams’ to the bond market
