Recap of NY Fed Williams' remarks on the FOMC - "conditions have not progressed enough"
I posted on Williams here which covered his remarks:
Which didn't impact FX too much.
Reuters have a recap up on his speech. Reuters actually have a number of recaps up but I found this one the most useful. And also the pic ... he looks like he could do with a visit to the barber.
- "It's clear that the economy is improving at a rapid rate, and the medium-term outlook is very good,"
- "But the data and conditions have not progressed enough for the FOMC to shift its monetary policy stance of strong support for the economic recovery."