More from NY Fed Pres. Williams

  • Monetary policy can anchor inflation expectations
  • Not looking at trade in terms of ups, downs each day
  • Even with the trade resolution, uncertainty may remain
  • Policy should be overly influenced by 1 action
  • Want to think of where economy will be in 1 to 2 years
  • Want to return reserves the level of summer, early SEP
  • Fed efforts to boost reserves appear to be working