The Fed: John Williams NYT Interview
The good (dovish), the bad (hawkish), and the ugly (bearish).
FRB New York President John Williams, a key member of the “holy trinity” (Powell and Jefferson being the other two), sat for a comprehensive interview with The New York Times last week, and of course the headline takeaways from the interview were skewed dovish (below are the title and subtitle of the article itself, as well as the “breaking news” tweets about the interview).
But as to be expected from a comprehensive interview there was something for everyone. Let’s let the doves fly first…