Fed's Williams: Main risks to the US economy are outside of US
Williams speaking to students
- The US economy is doing ok
- Europe is still slow
- Over the past few years, economic developments around the world have hurt the US
- The US economy is doing the best of advanced economies right now
- I fear overly light regulation
- I have a fantasy that if I don't tell Congress how to do their jobs, they won't tell me how to do mine. It hasn't worked out
- There are two economies in California and the US: Strong in urban areas, struggling in rural areas
- I don't think we're going to get a lot of manufacturing jobs coming back; cities automation
- Service sector is the future of the US economy
- Doesn't see a threat to US dollar dominance
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