-
Fed's Williams: Fed Policy is Barely Restrictive Right Now; Financial Conditions Have Tightened a Lot in Last Year
Fed's Williams:
— *seven (@sevenloI) February 8, 2023
- I Tend to Think in Terms of Real Interest Rates
- Fed Policy is Barely Restrictive Right Now
- Financial Conditions Have Tightened a Lot in Last Year
- Changes in Financial Conditions Will Also Inform Our Policy Outlook
-
Fed's Williams:
— *seven (@sevenloI) February 8, 2023
- We Need to Take a Long-term View of Data, Not Get Caught Up in the Day to Day
- Seeing More Positive Signs Globally About Growth
- Seeing Some Signs Of US Economy Showing Resilience
- Signs Suggest We Still Have Some Work to Do to Get Economy Back Into Balance
-
Fed's Williams:
— *seven (@sevenloI) February 8, 2023
- Demand in the US Remains Very Strong
- Demand in Our Economy is Much Stronger Right Now Than in Normal Times
- Lags in Our Actions Also Take Time; We Take That Into Consideration
- Housing Sector Seeing Definite Slowdown
-
Fed's Williams:
— *seven (@sevenloI) February 8, 2023
- Still Seeing High Demand for Services, Labor
- Goods Prices Declining But They Have A Ways To Go
- See Demand-Supply Imbalance In Core Services Ex-Hsng
- Need To Keep The Service Industry In Line With The 2% Inflation Target
-
Fed's Williams:
— *seven (@sevenloI) February 8, 2023
- Rent Driven Inflation Looks to Ebb Over Time
- Backlog Of Demand In Our Economy Is Still Strong
- Job Market is Extraordinarily Tight Right Now
- Doesn't Know How Much the Unemployment Rate Will Rise