Fed's Williams sees steady trend-like growth for the US economy

• Monetary policy is well positioned
• What happens to mon pol depends on data and risks
• We are likely near the peak impact of tariffs
• Inflation is still quite high
• The risks are pretty balanced on the jobs market
• Retreat in energy prices is good news, should ebb further and cool inflation
• Job market is showing stability

There isn’t much of a guide here but the market is pricing in 30 bps in hikes by year end, so that tells you the ‘hot inflation’ debate is going to win out, despite the retreat in oil prices.

This article was written by Adam Button at investinglive.com.