Fed’s Williams expects 2.5% growth this year

• The Fed’s range is 2.4-2.9%
• He expects 2.75% growth next year
• Expects inflation close to 2% this year
• Day of Fed tightening “is still far off”
• A long way to go on jobs, expects unemployment at 8% at year-end
• Worried about govt fiscal policy

Nothing new there. I’m hoping for some comments about the fall in the participation rate when he answers questions from the media and audience.