Fed's Williams: I don't have a particular lean on where rates should go

Additional comments from New York President Williams continue to cross the wires with key quotes, via Reuters, found below.

• Major risks to U.S. economy are global.
• Financial conditions have partially reversed 2018 decline, but a lot of that is due to Fed.
• Inflation risks don't seem to be out there at all right now.
• I don't have a particular lean on where rates should go.
• In a downturn we could consider quantitative easing, negative rates.
• Cost-benefit tradeoffs of negative rates not as favorable as quantitative easing.
• No decisions have been made on inflation framework.
• We're not trying to achieve high inflation.
• No answer on when balance sheet normalization will end.
• Inflation expecations are well behaved but it's worth considering consequences if below target for an extended period.