When “looking good” is only relative

John Williams, a voting member this year “previews” his vote:

The good news here is the economy has improved a lot, we’re in a pretty good place, and the fact is we’re able to start adjusting policy — tightening policy — because of that strength,” he said. “I think sometime around the middle of the year we’re going to be closer to a decision.”

In fact, the economy has looked much the same, or mediocre, for some time now. But will likely worsen if the JW´s of the FOMC have their way!


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