Fed's Williams: Losing confidence we will see tax reform in next 6 months

Eren Sengezer FXStreet

San Francisco Federal Reserve Bank President John Williams delivered additional remarks, with key quotes, via Reuters, found below:

Do not personally subscribe to secular stagnation theory
It is a harder economy to manage with low neutral rates and slower growth
Not seeing excesses borrowing, but watching carefully
To roll back Dodd-Frank regulations would take time, may require changes to law
Losing confidence we will see tax reform in next 6 months
There is a very strong consensus that corporate tax code is out of date

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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