| 2018-11-30 09:15:02|
09:15 11/30 11/30/18
NY Fed's Williams avoided current economic and policy issues
NY Fed's Williams avoided current economic and policy issues in what now sounds like a more academic analysis of alternative strategies for longer-term challenges of low global rates. He warns that inflation expectations could slip if the Fed sticks with the current 2% target regime, arguing for adopting an "average inflation" or "price level" targeting framework. This shouldn't tip the scales much on yields this morning, which flickered above lows after USTR Lighthizer optimism on the trade dinner. See his speech: "Monetary Policy Strategies for a Low-Neutral-Interest-Rate World."