Fed’s Williams: Longer run inflation expectations are in line with the central bank’s 2% goal

If inflation expectations get anchored at too low a level that will then bring down actual inflation over time.

There is a great deal of uncertainty about the economy today.

The US housing prices are rising very rapidly and asset valuations are quite elevated.

House prices were driven higher by low-rate environment and pandemic factors.

Higher home prices are not a risk to financial stability and banks are better capitalized than during the last crisis.

Fed needs to be focused on security of new payment technologies.

It's important to think about the positives to digital currencies but also the risks to consumers, investors and financial stability.

developing story ...