More from Fed's Williams - Imbalances still exist in labor markets, economic demand

Williams is the president of the New York Fed. As such he has a permanent voting seat on the FOMC.

Earlier:

• Fed's Williams says inflation is still to high, Fed will act
• WSJ: New York Fed President John Williams Signals Support for May Interest-Rate Increase

He's still going on:

• Doesn't seen monetary policy at root of banking sector stress
• Fednow payments will start out slowly to understand system
• Fed will be mindful about how fednow payment speed impacts financial stability
• Yield curve slope driven by more than just monetary policy
• Fed does watch money supply data
• Drop in money supply tracks with tightening monetary policy
• Unsure how much credit conditions will tighten
• Economy is very strong right now
• Fed reverse repo facility is working as intended
• Eventually reverse repo facility take up will fall
• Imbalances still exist in labor markets, economic demand

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The Federal Open Market Committee (FOMC) next meet on May 2 an 3. A +25bp rate hike appears to be a lock. The question is what about after that?

This article was written by Eamonn Sheridan at www.forexlive.com.

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