Fed's WIlliam's speaks to reporters
- A long way to go on the economy
- Economy is on a good trajectory
- the factual inflation inflation expectations don't align, the Fed will weigh various factors and make a judgment
- new framework is about anchoring inflation expectations
- monthly asset purchases of treasury and mortgage securities are about fostering a culminated financial conditions broadly not just in housing market
- Fed has the tools control short-term rates such as adjusting IOER or the rate on overnight reverse repose
- adjustments to administered rates would not be a change in monetary policy
