Fed’s Williams flags cautious optimism amid lingering uncertainty

Pablo Piovano FXStreet

New York Fed President John Williams struck a balanced tone in his latest remarks, highlighting strength in recent US data while acknowledging steady uncertainty around trade.

Key Quotes

Recent economic data has been very good.
The labour market is pretty much in balance.
First quarter growth was unusual on trade issues.
Inflation has been coming down slowly and gradually.
Key word for economy is uncertainty.
Monetary policy is in a good place.
Fed rate policy is well positioned, is slightly restrictive.
Some forward looking indicators are signaling concern.
Trade is a particular point of uncertainty.
Many firms, households in wait-and-see mode.
Fed has a ways to go in shrinking its balance sheet.
Fed balance sheet drawdown not affecting market prices.
Dollar remains the world's reserve currency.
Global invetors still see US as a place to invest.
We are not seeing major changes in investor interest in Treasury bonds.
Consumers are still in good shape.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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