• Fed made it clear asset sales not part of exit plan
  • It will ‘take a few years’ to achieve 2% inflation
  • Unemployment rate giving ‘pretty accurate’ picture
  • Says he’s seeing more upside risks to US growth
  • Sees ‘pretty strong’ evidence inflation to accelerate
  • Fed has reached ‘end of the line’ on jobs threshold
  • Doesn’t see signs fed is ‘pumping up’ instability
  • Sees 1.5% inflation this year

Williams speaking to reporters

Earlier comments here and here