New NY Fed President speaks at conference in NY

He adds:

  • Sees strong growth and job market
  • Inflation near goal.

It is Day 1 on the job as the NY Fed President. Williams comes over from the San Francisco Fed, where he was the President of that Bank. The position as NY Fed President is considered the 2nd highest on the Fed (behind chairman Powell). It comes with a permanent vote on the FOMC board and the responsibility of guiding the monetary policy directives from the FOMC decisions.