Federal Reserve's Williams: Growth outlook outside the U.S. has dimmed
|Federal Reserve's Williams is crossing the wires and has said that the growth outlook outside the U.S. has dimmed.
Further comments:
- Investment has softened mfg output has declined.
- Sees U.S. 2019 Gross Domestic Growth is around 2.25%.
- Spending is positive, other signs indicate slower growth.
- Does not see an elevated near-term chance of U.S. recession.
- Must be ready to adjust policy to prolong economic expansion.
Additional Fed speakers today:
Powell speech: Policy has not been as accommodative as we thought
Fed's Barkin: Focused on economic data, not the markets
Fed's Bostic: Sceptical inflation expectations are weak
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