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Williams Speaks With WSJ, Says Fed Focused on Getting Inflation Down


First comments from Williams on econ outlook since July:

  • Indicators on spending on GDP weaker than expected, and inflation data coming down a bit, which is encouraging, but picture is generally inline with that seen in July.
  • Real news is that labor market is very strong despite signs of slowing growth.
  • Q: What info are you looking at to gauge size of hikes?
  • A: Cites the mandate, and is watching CPI, jobs reports as well as JOLTS (last of which out earlier today). Focused on what drivers of inflation are.
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