- Monetary policy should take the medium term view
- Economy looking ‘really solid’ this year
- ‘Hurdle is pretty high’ for changing taper pace
- Now is not the time to for pulling back on taper
Williams was on CNBC. The Fed has been united on these messages.
- Fed needs to move away from thresholds and back to verbal guidance on first rate rise.
Sounds like the Fed is feeling boxed in.
