Williams in New York
Fed has reached its objectives as well as it ever has
Labor is quite strong and healthy
Expects US economy to continue to grow at strong rate of 2.5% next year, making it the longest US expansion ever
Expects price inflation to move a bit above 2%, no sign it will rise too high
US economy overall in really good shape
Expect further gradual rate hikes will be appropriate
These are some hawkish comments. Williams hasn't really picked up the same tone as a few other Fed members, who have grown incrementally more cautions. One exception might be his not that inflation isn't rising and there are no signs of a pickup. Yet at the same time he's talking about more gradual hikes.
