Further comments by NY Fed president, John Williams
- Fed is close to achieving its goals
- Need to keep focus on price stability, employment
- US economy is in good shape
- Economy has rebounded pretty solidly after soft patch at the end of last year
- Sees mixed messages in Q1 GDP data
- Says economy is well positioned to deal with challenges
- Says business confidence in the US has rebounded
- Tariffs have had a small boost to inflation
- Says that larger tariffs will have a bigger impact
Pretty much the generic stuff coming out from Williams here. There's nothing in his remarks that suggest a shift in tone by the Fed as they continue to stay patient and wait on further data before proceeding.