Fed’s Williams with some unscheduled comments:
– Basic contour and path of rate hikes has not changed
– US has proved remarkably resilient to global factors
– If not for global risks, Fed would raise rates sooner and faster
Williams is Mr Data Dependant and that’s why it’s so hard to level his comments with what the FOMC is doing and signaling. He’s been taking a hawkish turn and this could given the US dollar a minor lift but I think traders are wary of the Fed trade at the moment.
