Economics
The Incoming New York Fed Chief Talks About Inflation and the Yield Curve
- Williams isn’t scared by a flat yield curve or inflation
- He does see the Fed’s forward-guidance era coming to a close
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John Williams is poised to become one of the most important men in U.S. central banking when he joins the Federal Reserve Bank of New York as president on June 18.
Following the current San Francisco Fed president’s speech on Tuesday, he sat down with Bloomberg News in Minneapolis for a wide-ranging interview that hit on everything from yield curve inversion to the end of forward guidance. The following are excerpts from that conversation.