More from Williams

More from Williams
  • Any decision on tapering is not indicative of timing for rates liftoff
  • Pacing and timing of taper will be decided in future Fed discussions
  • Says he's focused on accumulation of job gains rather than one month's data
  • Expects labor supply to improve in months ahead as child care and schooling addressed
  • Says he wants to see that demand will remain strong even after supply chain challenges are resolved
  • It is important for Fed officials to have restrictions and disclosures on financial activities

That comment on demand through bottlenecks is a tough one. Autos are such a good example right now. Sales have cratered. Much of that is about supply but how many people are avoiding buying a car because prices are high and negotiating power is non-existent.