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Fed’s Williams: We are very attuned to downside risks

Additional comments from New York Fed President Williams' interview with CNBC continue to cross the wires.

Key quotes

  • We are very attuned to downside risks.
  • Fundamental difference between Fed, markets may be around emphasising downside risks, not about ‘who’s right or wrong’.
  • Hearing concerns about what tariffs mean for economy.
  • Not yet seeing direct effects of higher us tariffs but concerns do remain.
  • Outlook for global growth has become somewhat slower.
  • Expects ‘quite strong’ job growth in 2019.
  • Expects ‘above’ trend us growth, solid wage gains in 2019.

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