Fed's Williams: Policymakers want to maintain a strong labor market, keep inflation low
Fed's WIlliams speaking
Fed's Williams is on the wires saying:
- policymakers want to maintain a strong labor market, keep inflation low
- we have changed our view on how low unemployment can get without creating inflation
- we want to sustain the US economic expansion
The weird comment is the "keep inflation low". Although the rhetoric from the Fed has been that inflation was transitory, the risk is that inflation expectations are too low.