Economy and macroUpdated November 6

Williams wants more data before the Fed sets its stance.

At an event at the European Central Bank in Frankfurt, John Williams put two conditions side by side: US growth remains resilient, he said, while inflation is still far too high. In his view, the next step is to gather more information about price risks before deciding what stance the Fed should take. He said that would help ensure inflation returns to the 2% target in a timely way. The economy is holding up; the inflation goal is still unfinished business, and Williams wants a clearer read on prices before the Fed settles on its stance.

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Coverage started November 6