Comments from the New York Fed President John Williams in a moderated discussion on the economic outlook.
- Economic outlook is uncertain, data will drive monetary policy
- Expects inflation to cool to 3.25% this year
- Unemployment rate to tick up to around 4.5%
- Current banking problems aren't an echo of 2008 events
- Banks are resilient and well capitalized
- Have to put
We've heard these comments before, he loves to tout economic data dependence.