Fed's Williams: Fed needs to get monetary policy back to 'normal'
|San Francisco Federal Reserve Bank President John Williams crossed the news wires in the last hour, providing key quotes, via Reuters, found below.
U.S. economy is moving from a period of headwinds to one of tailwinds.
Tailwinds to U.S. economy include tax cuts, global economic environment.
Financial conditions, confidence is a third tailwind for U.S. economic growth.
U.S. unemployment to fall to 3.7 pct late this year.
Low inflation is the 'good news,' expects inflation to move back to 2 pct in next two years.
Fed needs to get monetary policy back to 'normal'.
Fed is not ahead or behind the curve, well-positioned to keep economy on sustainable path.
This is a time of change at the Fed, an institution that does not like change.
Incoming Fed Chair Powell is about continuity, carry forth policies under Chair Yellen.
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