• Doesn’t see risk of inflation overshoot
  • Says very accommodative policy is what’s needed
  • Says FOMC sees gradual rises in interest rates
  • Timing of rises depends on the data
  • Expects rise to occur near mid-2015

It had been so lovely and peaceful with all the jawboners on their jollies but they’ve all come back to work on the same day


Speaking on BBG this time and was on Fox earlier

San Fran Fed’s John Williams is on the FOMC subs bench this term