Williams at a SIFMA conference:

  • We are very close to achieving our inflation goal
  • Inflation is low and stable, unemployment is low
  • Fed's aim is to keep economy in this good place

Hardly anything notable here so far.

  • Fed will stick to data dependent approach
  • Monetary policy is now well-positioned

It takes a lot of nerve to talk about data dependence after cutting 3 times on no real changes in data.

  • We're very focused on end-of-year in money markets