Williams in Nashville
- Appropriate to start balance sheet unwind this Fall
- Inflation should reach 2% target in next year or two
- Unemployment rate to edge down a bit this year
- We still have a ways to go on inflation
- Wants to make sure Fed fulfills inflation commitement
He repeated the language about gradually removing stimulus but didn't continue to include anything related to a timeline. On inflation, he previously said 'in the next year or so' and now it's the next 'year or two'. I see this as more cautious across the board and a negative signal for the US dollar.
