Comments from Williams:
- Trimmed mean inflation not trending up or down
- Has more confidence in his outlook for moderate growth
- Near term risks to growth have receded
- We are in the right place in terms of policy
- Labor market should support inflation returning to 2%, no sign of inflation pressure
- Expects sustainable growth of 2.25% GDP growth in 2019
- Says he is seeing more positive readings on China's economy due to gov't efforts
- Trade tensions and Brexit uncertainty are downside risks
Williams called the outlook 'rosy' while highlighting that the Fed isn't in any kind of rush to hike or cut rates. It's a golidilocks outlook for sure but I'm guessing he wrote the speech before the latest round of tariffs.
