Williams answers questions from the audience

  • Yield curve has flattened quite a bit

  • Fiscal stimulus basically working how we'd expected

  • Tax cut will probably boost investment and productivity

  • Fed relies on data that's impacted by the shutdown

  • We're just not going to get 3% growth each year as fiscal stimulus wanes

  • Slowing growth in China is a concern

There isn't much new in these comments that we haven't heard before.