San Francisco Fed President John Williams spoke earlier on the economy and his outlook
Now in the Q&A
- Says low level of long-term yields is not just because of fed policy
- Says a 'reasonable person' would expect US rates to rise gradually over time
Via Reuters
More (Bloomberg):
- part time workers for economic reasons still elevated
- Still many working part=time who want full-time work
More again:
- Trend growth in the US is 1.5 to 1.5%
- Says he does not worry that a flat or inverted US yield curve signals a recession
Rockin' the t-shirt (remember that?)