Fed's Williams: Current picture is complex, but the economy is in a good place

Author: Greg Michalowski | Category: Central Banks

NY Fed and voting member John Williams speaking in Albany

  • current picture is complex but economy is in a good place
  • headline US economic data masking more nuanced economic picture
  • he expects US GDP growth around 2.25% this year, above long run sustainable growth rate
  • inflation is below Feds goal, could feed into inflation expectations
  • monetary policy alone cannot address all the economic issues in the US
  • signs other than consumer spending point to slowing growth
  • business fixed investment has softened, manufacturing production is in decline
  • outlook for growth outside the US has dimmed
  • job growth has slowed this year, employment picture is mixed
  • US economy appears to be growing at a more moderate pace after surging ahead last year
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