Fed's Williams: I don't have a particular lean on where rates should go
|Additional comments from New York President Williams continue to cross the wires with key quotes, via Reuters, found below.
- Major risks to U.S. economy are global.
- Financial conditions have partially reversed 2018 decline, but a lot of that is due to Fed.
- Inflation risks don't seem to be out there at all right now.
- I don't have a particular lean on where rates should go.
- In a downturn we could consider quantitative easing, negative rates.
- Cost-benefit tradeoffs of negative rates not as favorable as quantitative easing.
- No decisions have been made on inflation framework.
- We're not trying to achieve high inflation.
- No answer on when balance sheet normalization will end.
- Inflation expecations are well behaved but it's worth considering consequences if below target for an extended period.
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