Economics
Fed’s Williams Is Eyeing Downside Risks Despite Solid Outlook
- Says baseline outlook still expects ‘continued good growth’
- Fed need not revisit decision on how to manage overnight rates
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Federal Reserve Bank of New York President John Williams said he’s more attentive to the possibility that the outlook will worsen rather than improve, even as he reinforced a message of confidence that the U.S. economy and monetary policy are in a “good place.”
“From a domestic point of view, things are strong and continue to be strong, but we are dealing with these various global factors that we have to navigate,” including slowing growth in Europe and China and uncertainties around trade, Williams said Tuesday at a financial markets conference in Washington.