New York Fed Pres. Williams speaking
- US economy is starting recover but no where near where we want it to be
- overall data masks health, economic hardships for communities of color, low-income families
- economic outlook is highly uncertain
- Fed's new framework links policy actions to economic outcomes
- Fed's forward guidance allows it to respond to changes as they happen
- Fed is not willing to accept very high inflation, or persistently high inflation
- economic path tied to curbing virus, finding vaccine
- economy has begun to recover, and unemployment rate down