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?)