Fed's Williams, more again: May have lower global growth, lower rates than in past

More again from SanFran Fed el presidente John Williams:

• New global economy may have slower growth, lower interest rates than in the past
• Central banks need strategies for dealing in future with recurring near-zero interest rate environment
• Dollar moves reflect weaker conditions abroad, also reflects actions by foreign central banks. Views the USD as just another asset price

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On China:

• Yuan is not headed towards reserve currency status

Hmmmm. Wrong. It may be 2 steps forwards and 1 back, and its s long, slow, bumpy road, and it's a long way off ... but that is the way the yuan is heading.