Fed’s Williams: CPI data had some distortions, may have been pushed down a bit
Williams did a fairly big 180 in supporting a December rate cut and these are his first comments since the decision. Looking ahead, his comments are generally neutral and wait-and-see tone regarding the path forward for rates. He downplays the rise in unemployment as “distortions” but also suggests the soft CPI data had “distortions” as well. The ‘sense of…







