Fed Williams

We heard from Williams on Monday so there's not much more to say.

  • It will take a couple of years for inflation to ease to target
  • High inflation not yet embedded in the economy
  • We are seeing signs of a welcome ebb in inflation
  • Fiscal stance not a big factor driving inflation right now
  • Fed has a 'ways to go' with rate hikes

I'll update as he speaks more in the Fox interview. The 'ways to go' comment has caught some attention as it wasn't repeated by Powell yesterday, who instead said there 'was more ground to cover'.