Livesquawk with comments from San Fran Fed president John Williams in the FT

  • Does not understand the gloomy warnings about an imminent recession
  • Doesn't see signs in the data of any slackening of domestic demand
  • Domestic demand is outweighing weakness from abroad
  • US will see domestic inflation pressures strengthening
  • Fed hikes will be gradual

The full article from the FT is here (gated)

He's also speaking at later today at 16.00 GMT. He's not a voter this year.