NY Feds WIlliams speaking to reporters after panel discussion on US homeownership
- there is no argument to move rates at this point
- some factors may have been holding down inflation
- monetary policy is really well-positioned
- would like to see inflation at 2% for extended period.
- We are around neutral interest rates
- he thinks underlying price trends point to inflation being around Feds target
- inflationary pressures are essentially nonexistent
- domestic drivers of US economy are strong, expects growth about 2% this year
- some risks to global growth have receded
- US economy is still a very good place
