- Essential to keep strong monetary stimulus in place
- US growth seen up 2.5% this year, 2.75% next year
- Encouraged by by signs of strength in recovery but unemployment’s rapid progress won’t last
- Sees unemployment at 8% this year, 7% next
- Sees improvement in credit, confidence
Williams is so dovish that the few nods toward improved economic news almost need to be taken as hawkish… Williams is a dove in the Evans, Rosengren, Dudley mold.