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.