Comments from San Francisco Federal Reserve President John Williams on the weekend:
"Assuming that we continue to get good data on the economy, continue to get signs that we are moving closer to achieving our goals and gaining confidence getting back to 2-percent inflation... If that continues to happen there's a strong case to be made in December to raise rates."
Lets break that down ...
- "Assuming that we continue to get good data on the economy
- continue to get signs that we are moving closer to achieving our goals
- and gaining confidence getting back to 2-percent inflation
- ... If that continues to happen there's a strong case to be made in December to raise rates."
Well, yeah. Nothing new or insightful from Williams here (which means an A+ for him on the how to be a central banker test).
More:
- "The data I think have been overall encouraging, especially on the labor market"
Yep.
Thanks to Reuters for the weekend report
-
More again (again via Reuters, separate report):
- The U.S. Federal Reserve and other global central banks need to consider new stimulus tools to deal with what may be permanently lower interest rates worldwide
- With rates near zero central banks have less room to stimulate their economies in the face of shocks ... should consider possibly keeping larger balance sheets, or using negative interest rates, to provide stimulus when needed
