Fed's Williams: Shift in guidance to 'patient' was natural progression via ForexLive

Speaking on Bloomberg Radio:

  • Fed is getting closer to the time to consider normalizing
  • Monetary policy is data dependent
  • ‘Patient' means no move in next couple meetings
  • We will see inflation in 2015 well below 2%
  • We are getting close to thinking about the pros and cons of raising rates
  • Monetary policy acts with a lag
  • Lift off will be driven by progress on jobs and outlook on inflation
  • Market views on lift off timing are ‘relatively reasonable'

posted via ForexLive

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