Fed's Williams
- Expecs inflation to wane to 2.25% this year and close to 2% next year
- Sees GDP this year between 2.25% and 2.50%
- Recent Fed rate cut should leave the economy in a strong place
- Pace and size of future cuts to be determined by economic data
- Job market unlikely to an inflation driver going forward
- Sees unemployment at 4.25% and around that in 2025
I don't see any big market drivers here but those are some low unemployment forecasts .For Williams, that suggests he would be prepared to do more-aggressive easing if unemployment rises above 4.5% or appears to be headed that way.
